Brief: Computer Programs And Systems - On Feb 1, Committed To Reduction In Force Expected To Result In Termination Of About 1.0% Of Co's Workforce

Trubridge

09/02/2021 22:52

Feb 9 (Reuters) - Computer Programs and Systems Inc
 CPSI.O :
    * COMPUTER PROGRAMS AND SYSTEMS - ON FEB 1, COMMITTED TO
REDUCTION
IN FORCE EXPECTED TO RESULT IN TERMINATION OF ABOUT 1.0% OF CO'S
WORKFORCE
    * COMPUTER PROGRAMS AND SYSTEMS- SUBSTANTIALLY ALL OF
EMPLOYEES
IMPACTED BY REDUCTION IN FORCE WERE NOTIFIED OF REDUCTION ON
FEBRUARY 9, 2021
    * COMPUTER PROGRAMS AND SYSTEMS - SUBSTANTIALLY ALL OF
EMPLOYEES
IMPACTED BY REDUCTION  WILL EXIT COMPANY IN Q1 OF 2021
    * COMPUTER PROGRAMS AND SYSTEMS - ESTIMATES IT WILL INCUR
EXPENSES
OF ABOUT $2.7 MILLION RELATED TO REDUCTION IN FORCE
    * COMPUTER PROGRAMS AND SYSTEMS - EXPECTS TO REALIZE ABOUT
$3.9
MILLION IN ANNUAL SAVINGS COMPARED TO CURRENT EXPENSE LEVELS

Source text for Eikon: [ID: https://bit.ly/3jyw2BD]
Further company coverage:  CPSI.O 

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