Brief: Outbrain Announces About 10% Reduction In Its Global Workforce

Teads Holding

31/05/2023 21:58

May 31 (Reuters) - Outbrain Inc  OB.O :
    * OUTBRAIN INC - ANNOUNCED A REDUCTION IN ITS GLOBAL
WORKFORCE OF
ABOUT 10%
    * OUTBRAIN INC - EXPECTS TO REALIZE ANNUALIZED EXPENSE COST
SAVINGS OF ABOUT $12 MILLION TO $14 MILLION FROM WORKFORCE
REDUCTION
    * OUTBRAIN INC - EXPECTS ABOUT HALF OF ANNUALIZED IMPACT TO
BE
REALIZED IN 2023, WITH BALANCE OF ANNUALIZED COSTS SAVINGS TO BE
REALIZED IN 2024

Further company coverage:  OB.O 

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