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Praemium Reshapes Tech Division, Cutting 28% of Staff Post-Technotia Deal
6:02pm on Monday 16th of February, 2026 AEDT
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Financial Technology
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Praemium Reshapes Tech Division, Cutting 28% of Staff Post-Technotia Deal
6:02pm on Monday 16th of February, 2026 AEDT
Key Points
Restructure targets 15% headcount reduction in Australia
Closure of Armenian software development operations by FY2026 end
Annual technology salary costs expected to fall by around $9 million
Redundancy costs estimated at $3.3 million in FY2026
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