Brief: Pegasystems To Reduce About 4% Workforce Across Various Geographies

Pegasystems

03/01/2023 22:08

Jan 3 (Reuters) - Pegasystems Inc  PEGA.O :
    * PEGASYSTEMS INC - CO ANNOUNCED A REDUCTION IN ITS
WORKFORCE OF
APPROXIMATELY 4% OF ITS EMPLOYEES ACROSS VARIOUS GEOGRAPHIES
    * PEGASYSTEMS INC - EXPECTS TO INCUR A CHARGE OF $18.9
MILLION IN
Q4 OF 2022 RELATED TO CASH SEVERANCE AND RELATED BENEFIT COSTS
FOR TERMINATED EMPLOYEES
    * PEGASYSTEMS INC - COMMUNICATIONS TO IMPACTED PERSONS OR
THEIR
REPRESENTATIVES ARE EXPECTED TO BE COMPLETED IN THE FIRST
QUARTER 2023

Source: (https://bit.ly/3Cg9P5Z)
Further company coverage:  PEGA.O 
 ((Reuters.Briefs@thomsonreuters.com;))