taboolacom ltd said tuesday that a cost restructuring program is underway in an effort to focus on top priorities and ensure profitable growth and free cash flow in the future the technology company which powers recommendations across the open web said it is restructuring teams to focus on three top priorities performance advertising ecommerce and header bidding the company will reduce its overall work force by about 6 taboolacom said it expects 50 million of savings in operating expenses in 2023 from the restructuring with a significant portion translating to improved adjusted earnings before interest taxes depreciation and amortization and free cash flow the program is expected to be completed by yearend with a majority of the changes taking place in 2022 the company said the new york citybased taboolacom maintained its thirdquarter guidance for revenue of 311 million to 331 million and adjusted loss of 2 million to 8 million we now need to adapt to the current market environment and our growth rates in 2022 which are not meeting our original expectations said chief executive adam singolda