gorodenkoff/iStock via Getty Images Motorsport Games (NASDAQ:MSGM) on Friday announced that the company is considering strategic alternatives, including a potential sale or merger. The company also said that it has undergone a restructuring including headcount reductions to reduce cash expenditure and further improve efficiency. Motorsport stated that it would implement additional measures, including the reduction of workforce primarily in the United States and the United Kingdom, to bring down its year-over-year operating expense. “We have implemented a strategic restructuring to further streamline operations, reduce costs, and strengthen our financial foundations. These changes position us to become a more agile, focused, and efficient company – one that is conscious of our forthcoming operating requirements as well as within-reach growth opportunities,” said CEO Stephen Hood. Shares of the company, which is known for its \"NASCAR\" and \"KartKraft\" games, have lost over 50% so far this year.