Tucows Implements Capital Efficiency Plan, That Impacts Approximately 42% Of Ting Business' Workforce And 17% Of Company's Total Workforce
Portfolio Pulse from Benzinga Newsdesk
Tucows has announced a capital efficiency plan that will impact 42% of the Ting business workforce and 17% of the company's total workforce. This reorganization is expected to lead to significant Adjusted EBITDA growth for Tucows by 2025.
October 31, 2024 | 11:41 am
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Tucows is implementing a capital efficiency plan affecting a significant portion of its workforce, aiming for Adjusted EBITDA growth by 2025.
The workforce reduction is part of a strategic plan to improve capital efficiency, which is expected to lead to significant Adjusted EBITDA growth by 2025. This indicates a positive long-term financial outlook, potentially boosting investor confidence.
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