Breaking: Shift Technologies' Strategic Move, Delta Air Lines' Key Upcoming Date
- July 11th, 2023
- 349 views
Shift Technologies, Inc. (Nasdaq: SFT) plans to restructure its workforce to align with its omnichannel sales strategy, aimed to enhance the customer experience, increase efficiency, and focus on core operations by eliminating investment in the dealer marketplace business.
According to the company, the restructuring will lead to a 34% reduction in the workforce, resulting in approximately $14 million in annualized savings in selling, general, and administrative expenses (SG&A).
$SFT is currently trading at $2.21 in after-hours, up $0.07 (+3.27%).
In other news, Delta Air Lines, Inc. (NYSE: DAL) will unveil its financial results for the second quarter of 2023 on Thursday, July 13, before the market opens. Analysts expect earnings per share (EPS) of $2.37 on revenue of $14.45 billion, according to consensus estimates.
On Tuesday, $DAL closed at $48.66, reflecting a modest increase of $0.20 (+0.41%).
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