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Stock impact report

Tucows Subsidiary To Cut 72 Jobs [MarketWatch]

Tucows Inc. (TCX) 
NASDAQ:AMEX Investor Relations: tucows.com/investors
Company Research Source: MarketWatch
The Canadian internet-services company said in a regulatory filing late Tuesday that the 72 workers represent about 7% of the total company workforce. Advertisement The cuts are meant to lower operating expenses and "reflect the ongoing operational prioritizations" at Ting Fiber, the company said. Tucows expects to incur a charge of about $4 million due to the restructuring. The headcount reduction and charges are expected to be incurred in the first quarter. Write to Ben Glickman at ben.glickman@wsj.com Show less Read more
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