BUZZ-Australia's Praemium surges to 2-year high after headcount cut plan** Shares of Praemium PPS.AX jump as much as 20.9% to A$0.81, the highest level since January 22
** Stock set for strongest intraday trading session since August 24, 2024
** On Monday after market hours, the fintech co announced organisational restructure anticipated to reduce headcount by around 15%
** Co sees staff salary costs to drop by A$9 million ($6.36 million)
** Restructure will focus on reducing a significant number of duplicate IT development, maintenance, and infrastructure roles - co
** Stock down 2.5% YTD, including session's moves
($1 = 1.4140 Australian dollars)
(Reporting by Shivangi Lahiri in Bengaluru)
((shivangi.lahiri@thomsonreuters.com))
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