Brief: Indie Semiconductor Initiates Workforce Reduction Plan

indie Semiconductor

03/09/2024 11:11

Sept 3 (Reuters) - indie Semiconductor Inc  INDI.O :
    * INDIE SEMICONDUCTOR INC: IN LATE AUG, INITIATED WORKFORCE
REDUCTION PLAN, ABOUT 50 EMPLOYEES IMPACTED
    * INDIE SEMICONDUCTOR: APPROVED CHANGE IN ANNUAL BASE SALARY
OF
CEO, FOUNDERS, CFO
    * INDIE SEMICONDUCTOR: EACH FOUNDER AND CFO TO RECEIVE BASE
SALARY
OF $1 PER YEAR
    * INDIE SEMICONDUCTOR: BASE SALARY OF RAJA BAL, ACTING CFO,
CHIEF
ACCOUNTING OFFICER, MEMBERS OF EXECUTIVE MANAGEMENT, TO BE
REDUCED BY 20% PER YEAR

Source text for Eikon:  ID:n0001628280-24-039017 
Further company coverage:  INDI.O 

 ((Reuters.Briefs@thomsonreuters.com;))