Brief: Omnicell Inc - On February 28, 2023, Company Committed To Further Reduce Its Headcount, As Part Of Plan

Omnicell

28/02/2023 22:19

Omnicell Inc  OMCL.O :
    * OMNICELL INC - ON FEBRUARY 28, 2023, COMPANY COMMITTED TO
FURTHER REDUCE ITS HEADCOUNT, AS PART OF PLAN
    * OMNICELL INC - EXPECTS TO FURTHER REDUCE ITS WORKFORCE
ACROSS
MANY OF ITS FUNCTIONS AFFECTING APPROXIMATELY 60 ADDITIONAL
EMPLOYEES
    * OMNICELL INC - EXPECTS TO REDUCE ITS REAL ESTATE SQUARE
FOOTAGE
BY END OF Q2 OF FISCAL 2023
    * OMNICELL-HEADCOUNT REDUCTIONS, OFFICE CLOSURES TO RESULT
IN
ADDITIONAL INCREMENTAL NONRECURRING RESTRUCTURING, RELATED
CHARGES OF ABOUT $13.0 MILLION IN 2023
    * OMNICELL - TOTAL NONRECURRING RESTRUCTURING, RELATED
CHARGES IN
CONNECTION WITH PLAN OF $30.5 MILLION, WHICH CO INCURRED $17.5
MILLION OF CHARGES IN QUARTER
    * OMNICELL INC - EXPECTS TO INCUR $13.0 MILLION OF
RESTRUCTURING
CHARGES BY END OF Q2 OF FISCAL 2023
    * OMNICELL INC - ESTIMATES THAT PLAN, ALONG OTHER EXPENSE
CONTAINMENT EFFORTS, WILL RESULT IN ANNUALIZED SAVINGS OF
APPROXIMATELY $50 MILLION

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Further company coverage:  OMCL.O