Pitney Bowes To Target Additional Annualized Cost Savings Of $60M-$100M, Balance Sheet, Cash Management Improvements To Expedite Paydown Of High-Cost Debt

Initial analysis has identified an additional $60 million to $100 million in potential annualized savings across the organization, apart from the Global Ecommerce business. Pitney Bowes is working to reduce its go-forward required cash needs by approximately $200 million. 

In connection with these initiatives, Pitney Bowes has retained two nationally recognized consulting firms with financial and operational expertise.