Otovo Announces 166 Job Cuts as Part of Cost-Cutting Strategy
Tuesday, 10 September 2024, 12:00
Otovo's Strategic Cost-Cutting
In a bold response to market dynamics, Otovo is set to cut costs significantly, which includes laying off 166 employees. This move is aimed at achieving savings of up to 225 million kroner, as the company seeks to enhance its operational efficiency.
Impacts on Workforce
- Reduction of 166 positions
- Focus on streamlining operations
- Strategy to improve overall financial health
This decision underscores Otovo's resolve to navigate current economic challenges while maintaining its core business functions.
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