Motorsport Games Inc Says Workforce Reduction Is Expected To Impact ~40% Of Company's Employees Worldwide; On Oct 29, Determined To Implement Additional Measures To Continue To Bring Down YoY Operating Expense Through Reduction Of Workforce
Portfolio Pulse from Benzinga Newsdesk
Motorsport Games Inc has announced a workforce reduction that will impact approximately 40% of its employees worldwide. The company is implementing these measures to reduce year-on-year operating expenses.
November 02, 2023 | 7:32 pm
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Motorsport Games Inc's decision to reduce its workforce by 40% is a significant move to cut operating expenses. This could potentially impact the company's short-term performance.
The workforce reduction is a significant event for Motorsport Games Inc. It could lead to short-term disruptions in the company's operations, which may negatively impact its performance. However, in the long run, it could potentially lead to cost savings and improved profitability.
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