Shares of 8X8 Inc. rose 3.3% in premarket trading Wednesday after the business communications services company said it will cut its global workforce by about...
Shares of 8X8 Inc.
rose 3.3% in premarket trading Wednesday after the business communications services company said it will cut its global workforce by about 7%, as part of a restructuring aimed at refocusing its target market and at cutting costs. With about 2,216 employees announced in the California-based company’s latest annual report, about 155 employees are likely to be laid off.
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