Over 2 Years Ago
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FVRR tumbling -10% today. Some more information:
Fiverr International Ltd (FVRR) is trading -10% lower at $32.76 today.
- Fiverr announced plans to lay off 60 employees, which represents about 8% of its workforce
- Fiverr: "During recent months we decided to focus on our core business and improve the expenditure structure of the company in order to strengthen and ensure continued revenue growth and profitability, while adjusting to macroeconomic changes. This week we have completed a range of additional streamlining measures including the reduction of 60 employees (about half of them in Israel) in the company's offices around the world. We appreciate the work and contribution of these employees to our success and want to thank them for their journey with us. The company will make every effort to assist them in this process and their way ahead."
Fiverr International Ltd has been trading between a 52-week high of $262.9 and a 52-week low of $29.04. The stock has a market cap of $1.2 Billion.
Fiverr's mission is to change how the world works together. For over 10 years, the Fiverr platform has been at the forefront of the future of work connecting businesses of all sizes with skilled freelancers offering digital services in more than 500 categories, across 8 verticals including graphic design, digital marketing, programming, video and animation. In the twelve months ended December 31, 2020, over 3.4 million customers bought a wide range of services from freelancers across more than 160 countries.
Fiverr's mission is to change how the world works together. For over 10 years, the Fiverr platform has been at the forefront of the future of work connecting businesses of all sizes with skilled freelancers offering digital services in more than 500 categories, across 8 verticals including graphic design, digital marketing, programming, video and animation. In the twelve months ended December 31, 2020, over 3.4 million customers bought a wide range of services from freelancers across more than 160 countries.
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