Brief: Grove Collaborative Holdings Cuts Workforce Of About 18%

Grove Collaborative Holdings

30/08/2022 11:11

Aug 30 (Reuters) - Grove Collaborative Holdings Inc
 GROV.N :
    * GROVE COLLABORATIVE HOLDINGS- ON AUGUST 29, ANNOUNCED A
COMPANY-WIDE REORGANIZATION, INCLUDING WORKFORCE REDUCTION OF
ABOUT 18% OF CO'S CORPORATE WORKFORCE
    * GROVE COLLABORATIVE HOLDINGS- EXPECTS TO INCUR  PRE-TAX
CASH
CHARGE FOR ONE-TIME TERMINATION BENEFITS BETWEEN ABOUT $1.1
MILLION AND $1.3 MILLION IN Q3 2022

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