Tucows (TCX) Announces Capital Efficiency Plan
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Tucows Announces Capital Efficiency Plan
October 31, 2024 7:30 AM EDTTORONTO, Oct. 31, 2024 /PRNewswire/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC), a global internet services leader, has implemented a capital efficiency plan, including a significant layoff in its Ting business, in order to cut expenses and move towards Ting becoming self-sufficient. There were also layoffs at the Tucows head office level, as part of a shared services reorganization.
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