Australian AI company Appen has announced that it is considering the sale of part or all of its business to adapt to market changes and financial pressures. The company has raised AUD 30 million in equity and implemented a total cost-cutting plan of USD 60 million. As of the end of October 2023, the company's revenue and gross profit have decreased by 29% and 32%, respectively, with the stock price suffering and an entire overhaul of the executive team. To stabilize its financial situation, Appen has announced an additional cost-cutting plan of USD 14 million to address business challenges.