Brief: Nerdy Inc - Announced The Completion Of Workforce Reductions Of Approximately 17 % Of The Company's Total Workforce - Filing

Nerdy

08/12/2022 21:28

Dec 8 (Reuters) - Nerdy Inc  NRDY.N :
    * NERDY INC - ANNOUNCED THE COMPLETION OF WORKFORCE
REDUCTIONS OF
APPROXIMATELY 17 % OF THE COMPANY’S TOTAL WORKFORCE
    * NERDY INC - REDUCTIONS PRIMARILY AFFECTED VARIABLE HOURLY
ROLES
AND INCLUDED A LIMITED NUMBER OF CORPORATE FIXED PERSONNEL ROLES
    * NERDY - EXPECTS IMPLEMENTATION OF HEADCOUNT REDUCTIONS,
INCLUDING CASH PAYMENTS, WILL BE SUBSTANTIALLY COMPLETE BY END
OF FOURTH QUARTER OF 2022
    * NERDY INC - CURRENTLY ESTIMATES TO INCUR ONE-TIME CHARGES
IN Q4
OF 2022 OF ABOUT $1 MILLION TO $2 MILLION IN CONNECTION WITH THE
WORKFORCE REDUCTIONS

Further company coverage:  NRDY.N 
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