Brief: Bark Inc - Announced A Cost Reduction Initiative

Bark

13/07/2023 21:13

July 13 (Reuters) - Bark Inc  BARK.N :
    * BARK INC - ANNOUNCED A COST REDUCTION INITIATIVE
    * BARK INC - INITIATIVE IS EXPECTED TO ACHIEVE APPROXIMATELY
$7.2
MILLION IN ANNUALIZED COST SAVINGS
    * BARK INC - IN ACCORDANCE WITH INITIATIVE, THERE WILL BE A
NET
REDUCTION OF 66 POSITIONS OR APPROXIMATELY 8% OF COMPANY'S TOTAL
WORKFORCE
    * BARK INC - ESTIMATES THAT IT WILL INCUR CHARGES OF ABOUT
$1.4
MILLION IN Q2 OF FISCAL YEAR 2024

Further company coverage:  BARK.N