Brief: Qualtrics International Inc To Eliminate About 270 Roles

Qualtrics International

11/01/2023 22:00

Jan 11 (Reuters) - Qualtrics International Inc  XM.O :
    * QUALTRICS INTERNATIONAL INC - COMMITTED TO A PLAN TO
ELIMINATE
APPROXIMATELY 270 ROLES ACROSS COMPANY GLOBALLY
    * QUALTRICS INTERNATIONAL INC - ESTIMATES THAT IT WILL INCUR
NON-RECURRING CHARGES OF APPROXIMATELY $5.8 MILLION IN
CONNECTION WITH HEADCOUNT REDUCTIONS
    * QUALTRICS INTERNATIONAL INC - EXPECTS THAT MAJORITY OF
RESTRUCTURING CHARGES WILL BE INCURRED IN Q1 OF FISCAL 2023
    * QUALTRICS INTERNATIONAL INC - IMPACTED EMPLOYEES IN U.S.
WILL BE
OFFERED MINIMUM OF 10 WEEKS PAY, HEALTH INSURANCE, BENEFITS &
CAREER RESOURCES
    * QUALTRICS INTERNATIONAL - SEES IMPLEMENTATION OF HEADCOUNT
REDUCTIONS, INCLUDING CASH PAYMENTS, TO BE SUBSTANTIALLY
COMPLETE BY END OF Q1 2023

Source: (shorturl.at/adghU)
Further company coverage:  XM.O 
 ((Reuters.Briefs@thomsonreuters.com;))