The arena group announces workforce reductions in strategic move to transform the business model

New york--(business wire)--today, the arena group (nyse american: aren) has announced a significant reduction in its workforce of over 100 employees. the company, which has substantial debt and recently missed payments, is completing these cost-cutting measures to initiate a transformative shift towards a streamlined business model. in parallel, the company is actively engaged in negotiations with bridge media networks, llc, (“bridge media”) a wholly owned subsidiary of simplify inventions, llc.
AREN Ratings Summary
AREN Quant Ranking