Brief: SecureWorks Cuts Workforce By About 9%

Secureworks

07/02/2023 14:07

Feb 7 (Reuters) - SecureWorks Corp  SCWX.O :
    * SECUREWORKS CORP - REDUCING COMPANY'S WORKFORCE BY
APPROXIMATELY
9%
    * SECUREWORKS CORP - ON FEBRUARY 3, 2023, COMMITTED TO A
PLAN AND
ANNOUNCED TO EMPLOYEES ON FEBRUARY 7, 2023
    * SECUREWORKS CORP - COMPANY EXPECTS TO RECOGNIZE THESE
EXPENSES
IN FISCAL YEAR 2023 AND TO COMPLETE PLAN DURING Q1 OF FISCAL
YEAR 2024
    * SECUREWORKS CORP - CURRENTLY ESTIMATES THAT IT WILL INCUR
EXPENSES OF APPROXIMATELY $16.0 MILLION FROM PLAN
    * SECUREWORKS CORP - IMPLEMENTING CERTAIN REAL ESTATE
RELATED COST
OPTIMIZATION ACTIONS
    * SECUREWORKS CORP - ON FEBRUARY 3, 2023, PAUL M. PARRISH,
CHIEF
FINANCIAL OFFICER OF THE COMPANY, NOTIFIED THE COMPANY OF HIS
DECISION TO RETIRE
    * SECUREWORKS CORP - COMPANY EXPECTS TO RECOGNIZE THESE
EXPENSES
IN FISCAL YEAR 2023 AND TO COMPLETE PLAN DURING Q1 OF FISCAL
YEAR 2024
    * SECUREWORKS CORP -  ON FEB 6, 2023, BOARD APPOINTED STEVE
FULTON
AS COMPANY'S PRESIDENT, CUSTOMER SUCCESS, EFFECTIVE AS OF
FEBRUARY 6, 2023
    * SECUREWORKS CORP - WENDY K. THOMAS WILL REMAIN IN ROLE OF
CHIEF
EXECUTIVE OFFICER AND RELINQUISH ROLE OF PRESIDENT

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