1stdibs.com Plans Reduction Of 20% Of Its Current Global Workforce - Filing
Benzinga Newsdesk 3 years ago
News
On June 28, 2023, 1stdibs.com announced a workforce reduction designed to reduce operating costs and realign investment priorities. As a result of the reduction, the Company estimates that it will incur
On June 28, 2023, 1stdibs.com announced a workforce reduction designed to reduce operating costs and realign investment priorities. As a result of the reduction, the Company estimates that it will incur approximately $1.9 million - $2.2 million in non-recurring restructuring charges, consisting primarily of employee severance and benefits costs. The Company expects that substantially all of the restructuring charges will be incurred in the second quarter of 2023.