Ispire Technology (ISPR) announced the appointment of Jie “Jay” Yu as the new CFO of the company, effective immediately, following the departure of Jim McCormick, the former CFO of the company. Ispire also announced that it continued to further streamline its overall operations as the company reduced its workforce and ended several contractor agreements, resulting in a reduction of $3.6M in annual payroll in May 2025. Ispire will also look to cut up to an additional $6.6M in operating expenses over the next three months, bringing the total estimated annual operating expenses cut to $10.2M during the company’s fiscal year of 2025. Yu has served as the company’s Vice President of Finance since June 2023 and is a seasoned accounting professional with extensive experience in public accounting and audit roles.
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