Christy Forest, the CEO of LiveHire Ltd. (LVH:ASX), a provider of direct-sourcing technology, has offered to take only half of her current cash compensation for eight months.

Forest held Basic Salary Service Rights valued at AUD122,466.27 (USD 77,868.50), in addition to the AUD 55,000 (USD 34,871) taken in service rights by the CEO. Her salary cut will last from 1 November to 30 June.

On 30 June 2023, the AUD 19 million (USD 12 million) market-cap company posted a loss of AUD 14 million (USD 8.9 million) for its most recent financial year. Market commentators expect the company to incure a final loss in 2024 before generating positive profits in 2025.

A quarter of the company’s stock is owned by insiders and multiple insiders have acquired stock over the past 12 months.

“I’m personally committed and deeply invested in the success of LiveHire,” said Forest in a company press release. She mentioned that the salary reduction can help the company “preserve cash, remain in full lockstep with our shareholders, and help accelerate our path to breakeven.”

The company will release an addendum to include additional resolutions to be put on the annual general meeting on 28 November, seeking shareholders’ approval of the issue.