Brief: Tintri Board Approved Reduction Of About 200 Employees

Tintri

27/06/2018 11:14

June 27 (Reuters) - Tintri Inc  TNTR.O :
    * TINTRI INC SAYS ON JUNE 22, 2018, BOARD APPROVED A
REDUCTION IN
FORCE OF APPROXIMATELY 200 EMPLOYEES - SEC FILING
    * TINTRI INC - FOLLOWING REDUCTION IN FORCE, COMPANY EXPECTS
TO
HAVE BETWEEN 40 AND 50 EMPLOYEES
    * TINTRI INC - HAS NOT YET DETERMINED TOTAL EXPENSE THAT
WILL BE
INCURRED IN CONNECTION WITH REDUCTION IN FORCE
    * TINTRI - HAS VERY LIMITED CASH RESOURCES REMAINING &
CURRENTLY
DOES NOT EXPECT TO HAVE SUFFICIENT LIQUIDITY TO CONTINUE ITS
OPERATIONS BEYOND JUNE 30, 2018

Source text: (https://bit.ly/2ttVorB)
Further company coverage:  TNTR.O 

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