Helbiz announces cost reduction initiatives to streamline and accelerate path to profitability

New york--( business wire )--helbiz (nasdaq:hlbz) today announced cost-reduction initiatives to further streamline the business in order to better consolidate active operations and focus on core revenue generating activities. these steps accelerate the company's path to profitability, by imposing a new level of fiscal discipline that preserves the ability to commercialize and scale operations while also eliminating excess costs.
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