Mullen Automotive's Strategic Moves: 20% Job Reduction and Cost-Cutting Consolidations
Monday, 7 October 2024, 10:36
Mullen Automotive's Cost-Cutting Measures
Mullen Automotive (MULN) has announced a significant strategic shift to curtail expenses. The company plans a 20% job reduction along with critical consolidations intended to bolster operational efficiencies and improve cash flow.
Revenue Generation Focus
In addition to workforce reductions, Mullen aims to enhance revenue streams through an optimized sales pipeline, focusing on delivering more value in a competitive market.
- Job Reduction: 20% of the workforce will be affected.
- Operational Efficiencies: Aim to streamline operations.
- Sales Pipeline: Enhancing it to boost revenue generation.
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