Brief: Swvl Announces Portfolio Optimization Program To Turn Cash Flow Positive In 2023
31/05/2022 08:04
May 31 (Reuters) - Swvl Holdings Corp SWVL.O :
* 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
Source text for Eikon: ID:nPn2XHbQva
Further company coverage: SWVL.O
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