Brief: VacasaConfirmed There Have Been No Changes To Its Previously Issued Q4 2022 Revenue

Vacasa

24/01/2023 22:13

Jan 24 (Reuters) - Vacasa Inc  VCSA.O :
    * VACASA- CONFIRMED THERE HAVE BEEN NO CHANGES TO ITS
PREVIOUSLY
ISSUED FOURTH QUARTER 2022 REVENUE,ADJUSTED EBITDA GUIDANCE
RANGES ISSUED ON NOV 9, 2022
    * VACASA INC - ON JANUARY 23, 2023, THE BOARD OF DIRECTORS
OF THE
COMPANY APPROVED A WORKFORCE REDUCTION PLAN
    * VACASA- PLAN INCLUDES ELIMINATION OF ABOUT 1,300 POSITIONS
ACROSS CO, IN BOTH LOCAL OPERATIONS TEAMS & CENTRAL TEAMS
    * VACASA INC - ESTIMATES THE AGGREGATE PRE-TAX COSTS
ASSOCIATED
WITH THE PLAN TO BE APPROXIMATELY $5 MILLION
    * VACASA INC - EXPECTS TO INCUR SUBSTANTIALLY ALL OF THESE
CHARGES
IN THE FIRST AND SECOND QUARTER OF 2023
    * VACASA INC - COMPANY EXPECTS THE REDUCTION IN FORCE TO BE
SUBSTANTIALLY COMPLETE BY THE SECOND QUARTER OF 2023

Further company coverage:  VCSA.O 
 ((Reuters.Briefs@thomsonreuters.com;))