Mighty Kingdom Ltd (AU:MKL) has released an update.
Mighty Kingdom Limited has completed a key operational review, leading to a reorganization that will save the company $2.1 million annually. The restructuring, which includes a 28% reduction in workforce, is part of a strategic move to achieve profitability by the first half of the fiscal year 2025. CEO David Yin acknowledges the difficulty of the decision but emphasizes its necessity for the future sustainability of the gaming company.
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