LBY: Laybuy provides pre-delisting update
LAYBUY GROUP HOLDINGS LIMITED
- Laybuy plans to restructure a part of its business due to challenging macroeconomic conditions and a softening retail market.
- Approximately 10% of the company's workforce will be impacted by the proposed restructuring.
- Laybuy may extend the delivery of its profitability objective beyond March 2023, but remains committed to achieving sustained profitability in the short-term.
2023-03-21 09:25:00