Zedge Announces GuruShots Restructuring to Improve Profitability and Position Itself for Long-term Growth
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Zedge, Inc. (NYSE AMERICAN: ZDGE) is restructuring to improve profitability, including a 14% reduction in global headcount, mainly affecting GuruShots. This is expected to save $1.7 million annually and enhance cash flow. A comprehensive overhaul of the GuruShots game is also planned to drive future growth.
January 21, 2025 | 11:45 am
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Zedge, Inc. is undergoing a restructuring to improve profitability, including a 14% reduction in workforce, mainly affecting GuruShots. This is expected to save $1.7 million annually and enhance cash flow.
The restructuring is a significant move to improve Zedge's profitability and cash flow, which is likely to positively impact the stock price in the short term. The planned overhaul of the GuruShots game indicates a focus on long-term growth.
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