Brief: Latch Announces Further Changes To Improve Operating Efficiency
02/08/2022 22:10
Latch Inc LTCH.O :
* LATCH ANNOUNCES FURTHER CHANGES TO IMPROVE OPERATING
EFFICIENCY
* LATCH INC - AUGUST WORKFORCE REDUCTION IMPACTS
APPROXIMATELY 115
PEOPLE, OR APPROXIMATELY 37% OF LATCH'S CURRENT FULL-TIME
EMPLOYEES
* LATCH INC - WORKFORCE REDUCTION IS EXPECTED TO RESULT IN
APPROXIMATELY $2.5 MILLION TO $3.5 MILLION OF TOTAL CASH
RESTRUCTURING AND RELATED CHARGES
* LATCH-GUIDANCE PROVIDED IN ITS Q1 EARNINGS RELEASE DO NOT
REFLECT CHANGES ANNOUNCED TODAY OR WORKFORCE
REDUCTION,REORGANIZATION ANNOUNCED IN MAY 2022
Source text for Eikon: ID:nGNX4DNK4N
Further company coverage: LTCH.O
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