Freightos Reveals An Operational Efficiency Plan; Plans 13% Headcount Reduction
Portfolio Pulse from Benzinga Newsdesk
Freightos has announced an operational efficiency plan in response to ongoing global economic challenges. The plan includes a 13% reduction in headcount and is expected to enable the company to continue growing and reach break-even on existing funds.
July 11, 2023 | 10:04 am
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Freightos' operational efficiency plan, including a 13% headcount reduction, may impact CRGO as it could indicate financial stress within the company.
Freightos' decision to reduce its workforce by 13% as part of an operational efficiency plan could be a sign of financial stress within the company. This could potentially impact CRGO, especially if Freightos is a significant part of CRGO's portfolio or operations. The impact is likely to be negative in the short term as investors may perceive this as a sign of trouble within the company.
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