Megaport lays off 35 staff, losses narrow - The Australian Financial Review

Rising prices and broad-based inflation have forced Megaport to lay off 35 staff, with the telco infrastructure company cutting enough to turn earnings positive in the fourth quarter.

The tech stock narrowed its full-year net loss by 12 per cent to $48.5 million from the year-earlier $55 million. Earnings before interest, taxes, depreciation, and amortisation fell 23 per cent to $… [+1248 chars]

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