Veritone Inc (VERI)

[GBR]

Bottom line, whether an increase in revenue and demand, or no increase in revenue and demand, they were anticipating this 2024 headcount reduction way back in early August of 2023, and this weeks PR headline makes it sound as if this headcount reduction plan is something new. They torpedo'd the stock with news that they knew was going to happen way back in August.

Generally speaking, I think the plan has been to create efficiencies on how Pando and Broadbean go to market. Think that getting Pando and Broadbean on aiWare opens up a lot of opportunities to get the HR technology out there efficiently and integrated into other systems like maybe Linkedin, Google Jobs and many others. With their AION standard could easily integrate Veritone Hire tech with other technology.

I could be just blowing smoke, but I think the combination of aiWare with Veritone Hire solutions could really create a situation where the whole go to market process is much more efficient.

They haven't even revealed their aiWare roadmap yet, so we really know nothing of their plans as to how all of this is going to work. But I could see it creating investment interest in Veritone. This all assumes aiWare works and is ready for prime time and they have strategic partners. I think it is encouraging to see that Linked in refers to Veritone Hire as a preferred partner.