Brief: Blend Labs Inc Estimates About $14 Mln In Charges In Connection With January Plan

Blend Labs

10/01/2023 21:22

Jan 10 (Reuters) - Blend Labs Inc  BLND.N :
    * BLEND LABS INC - ESTIMATES THAT IT WILL INCUR ABOUT $14
MILLION
IN CHARGES IN CONNECTION WITH JANUARY PLAN
    * BLEND LABS INC - ELIMINATED POSITIONS REPRESENT ANNUALIZED
COMPENSATION EXPENSES OF APPROXIMATELY $43 MILLION
    * BLEND LABS INC - INTENDS TO EXCLUDE CHARGES ASSOCIATED
WITH
JANUARY PLAN FROM ITS NON-GAAP FINANCIAL MEASURES

Source: (shorturl.at/hqvM6)
Further company coverage:  BLND.N 
 ((Reuters.Briefs@thomsonreuters.com;))