Brief: Cardlytics Inc Says On November 8, 2022, Co Committed To, Effectuated A Plan Of Termination Of 51 Employees

Cardlytics

14/11/2022 22:11

Nov 14 (Reuters) - Cardlytics Inc  CDLX.O :
    * CARDLYTICS INC - ON NOVEMBER 8, 2022, CO COMMITTED TO AND
EFFECTUATED A PLAN OF TERMINATION OF 51 EMPLOYEES
    * CARDLYTICS INC - TERMINATIONS BASED ON COST-REDUCTION
INITIATIVES INTENDED TO REDUCE OPERATING EXPENSES AND ALLOW CO
TO FOCUS ON KEY GROWTH PRIORITIES
    * CARDLYTICS - ESTIMATES WILL INCUR CHARGES OF ABOUT $1.1
MILLION
IN CONNECTION WITH REDUCTION IN FORCE
    * CARDLYTICS-EXPECTS THAT SUBSTANTIALLY ALL CHARGES WILL BE
INCURRED IN Q4 OF 2022, REDUCTION IN FORCE WILL BE SUBSTANTIALLY
COMPLETE BY THE Q1 OF 2023

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