Brief: Tintri says board approved restructuring, reduction in force plan of a little more than 10 pct of co's global workforce

Tintri

20/09/2017 11:10

Sept 20 (Reuters) - Tintri Inc  TNTR.O  
    * Tintri - on September 18, 2017, board approved 
restructuring, reduction in force plan of a little more than 10 
percent of co's global workforce - SEC filing 
    * Tintri Inc - company estimates it will incur 
approximately $1.6 million to $1.8 million of cash expenditures 
in connection with restructuring 
    * Tintri Inc - co expects to substantially complete 
restructuring in its Q3 of fiscal 2018 
    * Tintri Inc - company expects to recognize most of these 
pre-tax restructuring charges in Q3 of fiscal 2018 
    * Tintri Inc - total restructuring expenses are estimated 
at $0.6 million to $0.7 million, substantially all of which 
relate to severance costs 
 
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