Brief: Viant Technology Inc - Co Approved Plan To Reduce Co's Current Workforce By 46 Employees, Representing About 13% Of The Company's Total Workforce - Filing

Viant Technology

09/12/2022 22:29

Dec 9 (Reuters) - Viant Technology Inc  DSP.O :
    * VIANT TECHNOLOGY INC - CO APPROVED  PLAN TO REDUCE CO'S
CURRENT
WORKFORCE BY 46 EMPLOYEES, REPRESENTING ABOUT 13% OF THE
COMPANY’S TOTAL WORKFORCE
    * VIANT TECHNOLOGY INC -  EXPECTS THAT THE REDUCTION IN
FORCE WILL
BE SUBSTANTIALLY COMPLETED WITHIN APPROXIMATELY 60 DAYS OF
DECEMBER 9, 2022
    * VIANT TECHNOLOGY INC - CURRENTLY ESTIMATES THAT IT WILL
INCUR
NON-RECURRING CHARGES OF ABOUT $1.2 MILLION IN CONNECTION WITH
THE REDUCTION IN FORCE
    * VIANT TECHNOLOGY INC -   COMPANY EXPECTS THAT
SUBSTANTIALLY ALL
OF THESE CHARGES WILL BE INCURRED IN THE FOURTH QUARTER OF 2022
    * VIANT TECHNOLOGY INC - CO EXPECTS THAT THE REDUCTION IN
FORCE
WILL BE SUBSTANTIALLY COMPLETED WITHIN ABOUT 60 DAYS OF DECEMBER
9, 2022

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