IronNet Inc

NYSE:IRNT   3:59:54 PM EDT
-0.11 (-4.26%)
Layoffs, Restructuring / Reorganization, Other Pre-Announcement

Ironnet Reduces Number Of Employees by About 55, Which Represents About 17% Of Total Employees

Published: 06/24/2022 13:45 GMT
IronNet Inc (IRNT) - Ironnet Inc - on June 22, 2022, Committed to and Communicated a Workforce Reduction Plan.
Ironnet Inc - Reduced Number of Employees by About 55 Employees, Which Represents About 17% of Total Employees.
Ironnet Inc - Expects to Substantially Complete Workforce Reduction by End of June 2022.
Ironnet Inc - As Result of Workforce Reduction, Expects to Incur Pre-tax Cash Charge for One-time Termination Benefits of About $1.0 Million.
Ironnet Inc - Expects Costs to Be Only Direct Expense of Workforce Reduction.
Ironnet Inc - Expects All Charges Associated With Workforce Reduction to Be Incurred During Quarter Ending July 31, 2022.