Business-to-business services company Moore Australasia (ASX:MOV) has announced it will let go of 25% of its staff in a downsizing effort.
The company, which provides services including e-commerce, enterprise IT integration and print logistics, has decided to restructure its business following the loss of its major customer, Tabcorp.
As part of the restructuring Moore will also combine the CEO and CFO roles, and has reduced the number of directors on the board to three from four.
MOV shares stayed flat on Tuesday at $0.027.
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