Brief: Faze Holdings Inc - On May 19, Announced A Plan To Restructure And Reduce Company's Workforce
19/05/2023 22:23
FaZe Holdings Inc FAZE.O :
* FAZE HOLDINGS INC - ON MAY 19, ANNOUNCED A PLAN TO
RESTRUCTURE
AND REDUCE COMPANY'S WORKFORCE
* FAZE HOLDINGS INC - COMPANY EXPECTS TO REDUCE ITS
HEADCOUNT BY
APPROXIMATELY 46 POSITIONS
* FAZE HOLDINGS INC - ESTIMATES EXPENSES ASSOCIATED WITH
HEADCOUNT
REDUCTIONS WILL RESULT IN ANNUALIZED SAVINGS OF APPROXIMATELY $6
MILLION
* FAZE HOLDINGS INC - COMPANY EXPECTS TO INCUR AGGREGATE
CHARGES
OF APPROXIMATELY $1.1 MILLION
* FAZE HOLDINGS INC - EXPECTS THAT MOST OF THESE CHARGES
WILL BE
CASH EXPENDITURES & THAT IT WILL RECOGNIZE MAJORITY OF THESE
CHARGES IN Q2 FISCAL 2023
Source text for Eikon: ID:
Further company coverage: FAZE.O
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