Brief: Bsquare Corp Enacted Plan To Reduce Headcount By About 20%

Bsquare

07/12/2022 22:07

Dec 7 (Reuters) - Bsquare Corp  BSQR.O :
    * BSQUARE CORP-ON DEC 5, CO ENACTED A PLAN TO REDUCE THE
COMPANY’S
HEADCOUNT BY APPROXIMATELY 20%
    * BSQUARE CORP - ESTIMATES THE AGGREGATE RESTRUCTURING COSTS
ASSOCIATED WITH REDUCTION IN WORKFORCE PLAN TO BE ABOUT $0.2
MILLION TO $0.3 MILLION
    * BSQUARE CORP - COMPANY EXPECTS THE REDUCTION IN FORCE TO
BE
SUBSTANTIALLY COMPLETE BY THE FIRST QUARTER OF 2023
    * BSQUARE CORP - COMPANY EXPECTS TO INCUR RESTRUCTURING
CHARGES IN
THE FOURTH QUARTER OF 2022 AND THE FIRST QUARTER OF 2023

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