US fintech house Carreker is to cut its workforce and take a fourth quarter charge of $0.7 million against the cost of redundancies.
The firm, a provider of payments technology, says the charge will reduce fourth quarter operating results from the company's previous expectations.
Carreker gave no further details of the job cuts. The firm says it will further discuss the restructuring charge when it presents its full results next Tuesday, 15 March.
The Dallas-based vendor lost its president and chief operating officer Mike Hanson in December after reporting third quarter results showing depressed revenue and operating income compared to last year and warning that slow sales might take the company into the red in the fourth quarter.