** Shares of Motorsport Games jump 11% to $1.6 in after-hours trading
** Company says workforce reduction in the U.S. and the U.K. to impact 39% of its employees worldwide
** Says board has authorized consideration of strategic alternatives
** Receiving inquiries regarding strategic transactions - company
** YTD, stock is down ~53%
(Reporting by Jaiveer Singh Shekhawat in Bengaluru)
((JaiveerSingh.Shekhawat@thomsonreuters.com;))
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