Swvl Holdings Corp - Ordinary Shares - Class A

NASDAQ:SWVL   3:59:50 PM EDT
7.02
+0.15 (+2.18%)
Layoffs, Products, Regulatory

Swvl Announces Portfolio Optimization Program To Turn Cash Flow Positive In 2023

Published: 05/31/2022 07:10 GMT
Swvl Holdings Corp - Ordinary Shares - Class A (SWVL) - Swvl Announces Portfolio Optimization Program to Turn Cash Flow Positive in 2023.
Swvl Holdings Corp- Company Expects to Reduce Its Headcount by Approximately 32%.
Swvl Holdings - Program to Enhance Efficiency and Reduce Central Costs to Accelerate Path to Profitability to Turn Cash Flow Positive in 2023.
Swvl Holdings Says Job Reductions Will Focus on Roles Which Have Been Automated by Investments in Engineering and Product and Support Functions.
Swvl Holdings Says Plans to Provide Monetary, Non-monetary and Job Placement Support to Help With Transition of Certain of Its Employees to New Roles.