SAN FRANCISCO—Communication and messaging company Critical Path Inc. said its restructuring plan, initially announced in April, has been substantially completed and is successful.
“The progress we have made allows us to focus on reaching break even in the near term and to continue our technological leadership in the messaging market,” said David Hayden, the company’s executive chairman.
The restructuring included a $30 to $50 million reduction in annual expenses and cutting 450 jobs.
