Li-Cycle's layoffs and cost overruns suggest its rapid globa...
Li-Cycle's layoffs and cost overruns suggest its rapid global expansion was unsustainable. The company's focus has shifted to making its Rochester facility operational, pausing its European expansion plans. These challenges have negatively impacted the company's stock.
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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JoShrio : Expansion needs to be moderated to preserve capital. Another company $Procore Technologies (PCOR.US)$ did expand aggressively to asia and yet they shut down the whole Asia operations as it is unsustainable. Customers from asia who sign up their solution ended up with lousy support and faces unreasonable price increase from procore.
Very soon customers in Asia will drop procore and seek alternatives