Battered by capex spend freezes at pay TV operators while being undercut by Chinese competition, Aferian – parent company to Amino and 24i – has declared another round of restructuring for the set top slinging sister of the family, Amino. UK-based Aferian prides itself on profitability, but with continued headwinds at Amino, reflecting the global economic and supply chain challenges in hardware, the bottom line needs protecting – forcing Aferian management into announcing cost savings to the tune of $3 million annually. Historically strong gross profit margins for Aferian are being dragged down by device sales, including integrated software – from a 41% margin in 2019, to 34% in 2022. A similar withering of profit margins is evident on the…