Brief: Blend Announces Initiatives To Achieve Path To Profitability

Blend Labs

10/01/2023 21:27

Jan 10 (Reuters) - Blend Labs Inc  BLND.N :
    * BLEND ANNOUNCES STRATEGIC AND FINANCIAL INITIATIVES TO
ACHIEVE
PATH TO PROFITABILITY
    * BLEND LABS - TOTAL COST REDUCTIONS EXPECTED TO DELIVER
CUMULATIVE SAVINGS OF OVER $100 MILLION BY END OF 2023 RELATIVE
TO Q3 2022 WHEN FULLY IMPLEMENTED
    * BLEND LABS INC -  INITIATIVES ANNOUNCED INCLUDE 28%
REDUCTION IN
BLEND'S ONSHORE EMPLOYEE BASE

Source text for Eikon:  ID:nBw59zn5La 
Further company coverage:  BLND.N 
 ((Reuters.Briefs@thomsonreuters.com;))