Brief: Nerdwallet - Plan Will Reduce Size Of Company's Workforce By About 15% Of Its Full-Time Employees

NerdWallet

30/07/2024 21:22

July 30 (Reuters) - Nerdwallet Inc  NRDS.O :
    * PLAN WILL REDUCE SIZE OF COMPANY'S WORKFORCE BY ABOUT 15%
OF ITS
FULL-TIME EMPLOYEES AS COMPARED TO ITS HEADCOUNT AS OF DEC 31,
2023
    * EXPECTS TO INCUR A TOTAL ESTIMATED PRE-TAX RESTRUCTURING
CHARGE
OF APPROXIMATELY $8 MILLION TO $10 MILLION IN CONNECTION WITH
PLAN
    * COMMITTED TO RESTRUCTURING PLAN, INTENDED TO REDUCE 
OPERATING
EXPENSES, BETTER POSITION CO TO EXECUTE LONG-TERM STRATEGIC
INITIATIVES

Source text for Eikon:  ID:n0001625278-24-000130 
Further company coverage:  NRDS.O 

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