https://www.businesswire.com/news/home/20190114005816/en/

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--Jan 14, 2019--PAR Technology Corporation (NYSE: PAR) (“PAR” or the “Company”) today announced a strategic reduction in workforce at the Company and its subsidiary, ParTech, Inc. The reduction is designed to lower operating expenses while the Company focuses on securing its position as a leader in enterprise, point-of-sale cloud software solutions for the restaurant and retail industries.

“The reductions announced today are another critical step in PAR becoming an efficient and flexible organization in a highly competitive market and in building a solid foundation for the Company's future growth," commented Savneet Singh, CEO & President of PAR. “As a Company we’ve begun to put a deep discipline around capital allocation with a constant focus on return on invested capital.”