Roo slashes costs and staff in bid to ease financial fears

Online video network Roo is cutting costs worldwide in a bid to revive the financially troubled company.Roo, which provides online video services for sites including The Sun, Daily Mirror and Reuters, has implemented management restructures, laid off employees and ended supplier relationships.It's understood that clients have been concerned about the state of the company in recent months.The moves are part of a profitability exercise led by newly appointed chairman ...

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