Brief: Olo Inc Announces Reduction Of Workforce By ~11%

Olo

14/06/2023 15:32

June 14 (Reuters) - Olo Inc  OLO.N :
    * OLO INC - REDUCTION OF ITS WORKFORCE BY APPROXIMATELY 11%
    * OLO INC - WILL INCUR CHARGES OF APPROXIMATELY $7.5 MILLION
TO
$10.0 MILLION IN CONNECTION WITH REDUCTION OF ITS WORKFORCE
    * OLO INC -  CHARGES RELATED TO JOB CUTS EXPECTED TO BE
INCURRED
IN Q2 OF FISCAL YEAR 2023
    * OLO INC - REITERATES Q2 2023, FISCAL YEAR 2023 GUIDANCE
RANGES
FOR REVENUE & NON-GAAP OPERATING INCOME ARE IN-LINE WITH OUTLOOK
PROVIDED BY CO ON MAY 9

Further company coverage:  OLO.N 

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