Brief: Pagerduty Inc - Is Advancing Global Scaling Initiatives Designed To Increase Co's Capacity While Improving Its Cost Structure

PagerDuty

24/01/2023 13:29

Jan 24 (Reuters) - PagerDuty Inc  PD.N :
    * PAGERDUTY INC - IS ADVANCING GLOBAL SCALING INITIATIVES
DESIGNED
TO INCREASE CO'S CAPACITY WHILE IMPROVING ITS COST STRUCTURE
    * PAGERDUTY INC - IMMEDIATE IMPACT IS 7% REDUCTION IN
HEADCOUNT
    * PAGERDUTY INC - ESTIMATES THAT IT WILL INCUR NON-RECURRING
CHARGES IN A RANGE OF $5.0 MILLION TO $7.0 MILLION IN CONNECTION
WITH HEADCOUNT REDUCTIONS
    * PAGERDUTY INC - EXPECTS THAT MAJORITY OF RESTRUCTURING
CHARGES
WILL BE INCURRED IN Q4 OF FISCAL 2023
    * PAGERDUTY INC - IMPLEMENTATION OF HEADCOUNT REDUCTIONS,
INCLUDING CASH PAYMENTS, WILL BE SUBSTANTIALLY COMPLETE BY END
OF Q1 OF FISCAL 2024
    * PAGERDUTY INC - CONSIDERING REAL ESTATE RATIONALIZATION IN
LINE
WITH DISTRIBUTED NATURE OF WORKFORCE AND A CHANGED USE OF OFFICE
FACILITIES
    * PAGERDUTY -  REAL ESTATE RATIONALIZATION WILL RESULT IN
ONE TIME
EXPENSES IN RANGE OF $14.0 MILLION TO $16.0 MILLION
    * PAGERDUTY INC - EXPECTS MAJORITY OF REAL ESTATE
RATIONALIZATION
CHARGES WILL BE INCURRED IN FISCAL 2024

Further company coverage:  PD.N 
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