Brief: AEye Inc - Announced On March 28, It Will Restructure And Reduce Its Workforce By Approximately One-Third, Effective April 3

Aeye

29/03/2023 11:36

March 29 (Reuters) - AEye Inc  LIDR.O :
    * AEYE INC - ANNOUNCED ON MARCH 28, IT WILL RESTRUCTURE AND
REDUCE
ITS WORKFORCE BY APPROXIMATELY ONE-THIRD, EFFECTIVE APRIL 3
    * AEYE INC - REVISED STRATEGIC PLAN TO BE ANNOUNCED IN MAY
IS ALSO
EXPECTED TO INCLUDE OTHER SIGNIFICANT OPERATING EXPENSE
REDUCTIONS
    * AEYE - REDUCTION-IN-FORCE IMPACTS ABOUT 46 FULL-TIME AND
PART-TIME EMPLOYEES, EXPECTED TO BE COMPLETED EARLY IN Q2 OF
2023
    * AEYE INC - REDUCTION IS EXPECTED TO BE COMPLETED EARLY IN
Q2 OF
2023
    * AEYE INC - EXPECTS TO INCUR ONE-TIME RESTRUCTURING CHARGE
IN Q1
OF 2023, TO BE PAID IN CASH IN Q2, IN RANGE OF $0.6 TO $1.0
MILLION


Further company coverage:  LIDR.O 

 ((Reuters.Briefs@thomsonreuters.com;))