Integral Ad Science announces workforce reduction, shares fall

Integral Ad Science Holding

07/12/2022 16:48

** Shares of Integral Ad Science Holding Corp  IAS.O  fall
3% to $9.12 
    ** Co says it has committed to a workforce reduction plan,
impacting 13% of its workforce, according to a regulatory filing
    ** IAS estimates to incur about $5.0 mln to $7.0 mln of
restructuring and related charges
    ** Co expects to incur recognized charges in Q4 of 2022
    ** YTD, IAS stock down 58.9%
 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com;))