Zedge announces gurushots restructuring to improve profitability and position itself for long-term growth

Initiatives, including an approximate 14% reduction in zedge's global headcount, mostly impacting gurushots, are expected to lower costs by approximately $1.7 million (pre-tax) on an annualized basis cost reductions expected to enhance profitability and cash flow comprehensive overhaul of the gurushots game underway, targeting much-improved player experience to drive future growth new york, ny / access newswire / january 21, 2025 / zedge, inc. (nyse american:zdge), $zdge, a leader in digital marketplaces and interactive games that provide content, enable creativity, empower self-expression and facilitate community, today announced a corporate restructuring designed to streamline operations and enhance profitability. the company expects the restructuring, which includes employees and contractors, will reduce zedge's global workforce by approximately 14% and generate approximately $1.7 million in pre-tax, annualized cost savings with additional cost benefits from lower discretionary spending related to gurushots during the remainder of fiscal 2025.
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