Thunderful Group has announced a restructuring programme to decrease costs, which will include both "significant staff reductions" and potential divestments, the company said.
Around 20% of its workforce will be affected, Thunderful said, with the firm hoping to see the effects of the restructuring on its finances from the second half of 2024.
The aim of the restructuring is to improve the firm's competitiveness, Thunderful added, by lowering costs and re-focusing on areas that bring it the most profitability.
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