Sensen Networks (ASX:SNS) has initiated further significant cost reduction strategies in both Australia and Singapore.

Furthermore, the company has undertaken an overall 5% reduction in its total staff count, leading to an annual cost-saving of over A$800,000.

Significantly, Sensen Networks (ASX:SNS) anticipates this reduction in headcount to have no impact on the company’s ability to generate revenue.

The ultimate aim is for Sensen Networks (ASX:SNS) to reach a state of being cash-flow positive by FY24.

Sensen Networks (ASX:SNS) is a technology company focused on developing and delivering world-leading AI-driven solutions for smart cities.