Brief: Shapeways Holdings Reduces Workforce By About 33 Employees

Shapeways Holdings

20/12/2023 21:38

Dec 20 (Reuters) - Shapeways Holdings Inc  SHPW.O :
    * SHAPEWAYS HOLDINGS INC: REDUCED ITS CURRENT WORKFORCE BY
APPROXIMATELY 33 EMPLOYEES,
    * SHAPEWAYS HOLDINGS INC - CURRENTLY ESTIMATES THAT IT WILL
INCUR
ONE-TIME CASH CHARGES OF APPROXIMATELY $0.45 MILLION IN
CONNECTION WITH REDUCTION IN FORCE
    * SHAPEWAYS HOLDINGS : EXPECTS THAT MAJORITY OF CHARGES WILL
BE
INCURRED IN Q4 AND THAT REDUCTION IN FORCE WILL BE SUBSTANTIALLY
COMPLETE BY END OF Q4
    * SHAPEWAYS -REDUCTION IN FORCE,COMBINED WITH ELIMINATION OF
CERTAIN OPEN POSITIONS, SEES TO RESULT IN ABOUT $6.2 MILN IN
ANNUAL CASH OPERATING EXPENSE SAVINGS

Further company coverage:  SHPW.O 

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