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Israeli company Toyga Media has laid off some employees in its Israeli office, sources with knowledge of the matter shared with Finance Magnates. The job cuts are resulting from an effort to optimize the cost structure of the company’s operations.
According to one source, the number of layoffs amounted to at least 11 percent of the global workforce of the company. With over 500 employees at the firm, total job cuts affected several dozen people. Most of the cuts are amongst the development team in Israel, with operations shifting to the Ukrainian offices of the company in Kiev and Odessa.
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