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trim to in to reduction expenses expense latest Steve expenses initiatives, million annual stock-based and expense expected $XX announced we that severance $X January, our Safeguard’s reduce approximately the million. compensation. interest, staff to including and referred cuts are were to annual $X changes million, The $XX operating million to earlier, As approximately initial expected operating to cuts depreciation, excluding to management
operating and than expenses more For both XXXX million. $XX annual slightly XXXX, were
do forward, expect this cost assets are structure. additional Going some reductions monetized, annual as operating we in
financial over Now, I’ll call for turn of to a results. the review the Jeff quarter's