Brief: Pegasystems Inc Announced Workforce Realignment Resulting In A Reduction Of Approximately 4% Of Its Employees Across Various Geographies

Pegasystems

30/08/2023 22:58

Aug 30 (Reuters) - Pegasystems Inc  PEGA.O :
    * PEGASYSTEMS INC - ANNOUNCED A WORKFORCE REALIGNMENT
RESULTING IN
A REDUCTION OF APPROXIMATELY 4% OF ITS EMPLOYEES ACROSS VARIOUS
GEOGRAPHIES
    * PEGASYSTEMS-EXPECTS TO INCUR A CHARGE OF ABOUT $16 MILLION
IN Q3
2023 RELATED PRINCIPALLY TO CASH SEVERANCE, RELATED BENEFIT
COSTS FOR TERMINATED EMPLOYEES
    * PEGASYSTEMS INC - COMMUNICATIONS TO IMPACTED PERSONS OR
THEIR
REPRESENTATIVES ARE EXPECTED TO BE SUBSTANTIALLY COMPLETED BY
SEPTEMBER 8, 2023
    * PEGASYSTEMS INC - BRINGING TOGETHER ACCOUNT EXECUTIVES,
SALES
SPECIALISTS, AND CLIENT SUCCESS MANAGERS UNDER A CONSOLIDATED
TEAM

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