RE:This Morning's ActionOn the globe and mail.
CloudMD Software & Services Inc. (DOC-X) announced that approximately $7.5 million of annualized run-rate costs have been eliminated from the organization as part of a restructuring. The company said the amount exceeds the expected $4-million in cost savings it previously disclosed.
As part of the reorganization, the company said its chief operating officer Kanchan Thindal has stepped down and president Karen Adams will take over those responsibilities.