Brief: Getaround Announces Workforce Reduction Impacting Approximately 30% Of Company's North American Staff
08/02/2024 01:02
Feb 7 (Reuters) - Getaround Inc GETR.N :
* GETAROUND ANNOUNCES RESTRUCTURING PLAN TO ACCELERATE THE
PATH TO
PROFITABILITY
* ANTICIPATED COST SAVINGS OF APPROXIMATELY $7 MILLION ON
ANNUALIZED RUN-RATE BASIS
* COMPANY EXPECTS TO INCUR UP TO $1 MILLION IN RESTRUCTURING
COSTS
IN CONNECTION WITH WORKFORCE REDUCTIONS.
* PLAN INCLUDES A WORKFORCE REDUCTION, EFFECTIVE
IMMEDIATELY, THAT
IMPACTS APPROXIMATELY 30% OF COMPANY'S NORTH AMERICAN STAFF
Source text for Eikon: ID:nBw6KFyHGa
Further company coverage: GETR.N
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