<ul><li>Lyca Mobile plans to trim its workforce in the UK by 90% and shift some services to India.</li><li>The downsizing plans will affect at least 300 jobs, reducing the headcount in the UK to less than 50.</li><li>Lyca Mobile is facing challenges such as rising inflation, outdated technology, stiff competition, and operational inefficiencies.</li><li>The company incurred losses of $30 million in 2022 and has faced legal battles over non-payment of VAT bills.</li></ul>

Lyca Mobile may trim UK team by 90%, shift some services to India

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