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“Our costs have increased considerably in this environment, and we have not scaled the business efficiently,” CEO Shane Trigg said in a letter to employees.
“A reduction in force is a last resort and we have taken many steps to lower costs this year, including investing in technology to find efficiencies, shrinking our office real estate footprint, and re-evaluating hiring needs to prioritize only the most critical roles.”
APPF stock is up 1.5% on the news.
