Brief: Sleep Cycle To Streamline Organisation
BRIEF-Sleep Cycle To Streamline Organisation Sept 17 (Reuters) - Sleep Cycle AB (publ) SLEEP.ST:
TO STREAMLINE ORGANISATION AND MOVE TO AI-DRIVEN WAY OF WORKING
CHANGE EXPECTED TO AFFECT AROUND 15 POSITIONS AND END CONSULTANT ENGAGEMENTS
SAVINGS ARE ESTIMATED AT APPROXIMATELY SEK 35 MILLION ON AN ANNUAL BASIS, WITH FULL EFFECT FROM TURN OF YEAR 2026/2027
REDUCTION LARGEST WITHIN SUPPORT FUNCTIONS, MARKETING AND SALES
RESTRUCTURING IS ESTIMATED TO GIVE RISE TO ONE-OFF COSTS OF APPROXIMATELY SEK 7 MILLION
DOES NOT INTEND TO DISCONTINUE ANY BUSINESS AREAS
Source text: ID:nMFN5fsVlH
Further company coverage: SLEEP.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))
Recent news on Sleep Cycle AB (publ)
See all newsBrief: Sleep Cycle Insider Buys About SEK 2.3 Million Worth Of Co's Shares
Brief: Sleep Cycle's Samuel Cyprian Buys About SEK 1.81 Million Worth Of Co's Shares
Sweden's Sleep Cycle Q3 sales fall on weaker consumer app demand
Brief: Sleep Cycle Q3 Adjusted EBITDA At SEK 16.6 Mln
Brief: Sleep Cycle Q3 Adjusted EBIT SEK 15.102 Million