Brief: Hippo Holdings Initiates Workforce Reduction Affecting About 120 Employees

Hippo Holdings

26/10/2023 22:03

Oct 26 (Reuters) - Hippo Holdings Inc  HIPO.N :
    * HIPPO HOLDINGS INC: INITIATED ORGANIZATIONAL REALIGNMENT,
INCLUDING AN INVOLUNTARY WORKFORCE REDUCTION AFFECTING UP TO
APPROXIMATELY 120 EMPLOYEES
    * HIPPO HOLDINGS INC: COMPANY NOTIFIED MAJORITY OF AFFECTED
EMPLOYEES ON OCTOBER 26, 2023, WITH MOST JOB ELIMINATIONS
EFFECTIVE ON NOVEMBER 1, 2023
    * HIPPO HOLDINGS INC: IN Q4 OF 2023, COMPANY EXPECTS TO
RECORD
CHARGES OF APPROXIMATELY $2.2 MILLION TO $2.7 MILLION

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Further company coverage:  HIPO.N 

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