Playtika falls on news to cut 15% staff

Playtika Holding

12/12/2022 15:52

** U.S.-listed shares of Playtika Holding Corp  PLTK.O  fall
~4% to $8.25 after co says it will trim workforce 
    ** The Israeli mobile gaming co would cut 15% of its total
workforce as part of a restructuring to save costs  urn:newsml:reuters.com:*:nL4N3322CK
    ** Co to consolidate studios and games development process
    ** PLTK, which went public in January last year, said
earlier this year that it was exploring strategic options,
including sale, to maximize shareholder value  urn:newsml:reuters.com:*:nL1N2V01AI
    ** Stock down 52% YTD including the day's slide
 (Reporting by Yuvraj Malik)
 ((yuvraj.malik@thomsonreuters.com))