Brief: Satellogic Inc In June 2024, Initiated An Additional Workforce Reduction Of Approximately 70 Full Time Equivalents

Satellogic

14/06/2024 22:09

Satellogic Inc  SATL.O :
    * SATELLOGIC INC: IN JUNE 2024, INITIATED AN ADDITIONAL
WORKFORCE
REDUCTION OF APPROXIMATELY 70 FULL TIME EQUIVALENTS
    * SATELLOGIC INC: EXPECTS WORKFORCE REDUCTION TO RESULT IN
ABOUT
$4.1 MILLION OF ANNUAL SAVINGS
    * SATELLOGIC INC:  COMPANY EXPECTS TO INCUR ABOUT $1.2
MILLION IN
ASSOCIATED SEVERANCE-RELATED CHARGES
    * SATELLOGIC :  ADDITIONALLY, CO EXPECTS TO REDUCE
NON-SALARY
OPERATING EXPENSES BY ABOUT $3.0 MILLION ON AN ANNUAL BASIS

Source text for Eikon:  ID:n0001437749-24-020334 
Further company coverage:  SATL.O