Brief: Leafly Announces Cost Reductions To Strengthen Financial Profile

Leafly Holdings

18/10/2022 22:05

Oct 18 (Reuters) - 
  
    * LEAFLY ANNOUNCES COST REDUCTIONS TO STRENGTHEN FINANCIAL
PROFILE
    * LEAFLY ANNOUNCES COST REDUCTIONS TO STRENGTHEN FINANCIAL
PROFILE
    * LEAFLY HOLDINGS INC - ANNOUNCED A HEADCOUNT REDUCTION OF
56
POSITIONS - OR 21 PERCENT OF COMPANY'S WORKFORCE THROUGH A
COMBINATION OF LAYOFFS AND ATTRITION
    * LEAFLY HOLDINGS INC - 2023 ANNUAL CASH OPERATING COSTS TO
BE
REDUCED BY ESTIMATED $16 MILLION TO IMPROVE ADJUSTED EBITDA AND
CASH POSITION
    * LEAFLY HOLDINGS INC - COMPANY EXPECTS A ONE-TIME CASH
RESTRUCTURING CHARGE FOR LAYOFFS OF APPROXIMATELY $500,000 IN Q4
OF 2022
    * LEAFLY HOLDINGS INC QTRLY REVENUE IS EXPECTED TO BE
APPROXIMATELY $11.8 MILLION

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