Enthusiast Gaming Holdings Inc (TSE:EGLX) has released an update.
Enthusiast Gaming Holdings Inc. has announced a strategic restructuring plan that aims to increase profitability through a $10 million cost reduction program, focusing on high-margin revenue streams and improved community engagement. This initiative, which involves operational efficiencies and a consolidation of resources, is expected to conclude by the end of Q1 2024. The company will disclose more details in their upcoming earnings call for Q4 2023.
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