Brief: Amplitude Inc - On April 3, 2023, Approved Plan To Reduce Its Global Workforce By Approximately 13%

Amplitude

05/04/2023 21:36

April 5 (Reuters) - Amplitude Inc  AMPL.O :
    * AMPLITUDE INC - ON APRIL 3, 2023, APPROVED A PLAN TO
REDUCE ITS
GLOBAL WORKFORCE BY APPROXIMATELY 13%
    * AMPLITUDE INC -  ESTIMATES IT WILL INCUR NON-RECURRING
CHARGES
OF APPROXIMATELY $7 MILLION TO $9 MILLION IN CONNECTION WITH THE
PLAN
    * AMPLITUDE INC - EXPECTS THAT THE MAJORITY OF THE
RESTRUCTURING
CHARGES WILL BE INCURRED IN THE SECOND QUARTER OF FISCAL 2023
    * AMPLITUDE- SEES IMPLEMENTATION OF HEADCOUNT REDUCTIONS,
INCLUDING CASH PAYMENTS, TO BE SUBSTANTIALLY COMPLETE BY END OF
SECOND QUARTER OF FISCAL 2023


Further company coverage:  AMPL.O 

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