National Instruments Corp.

NASDAQ:NATI  
44.45
-0.24 (-0.54%)
Debt Financing / Related, Layoffs, Restructuring / Reorganization

National Instruments - Announced Workforce Reduction Plan Intended To Accelerate Its Growth Strategy And Further Optimize Operations, Cost Structure

Published: 10/29/2020 22:17 GMT
National Instruments Corp. (NATI) - National Instruments - Announced Workforce Reduction Plan Intended to Accelerate Its Growth Strategy and Further Optimize Operations, Cost Structure.
National Instruments Corp - Plan is Expected to Reduce Ni's Worldwide Headcount by About 9% Over Next 9-12 Months.
National Instruments Corp - Expects to Finalize Plan and Complete Majority of Relevant Communications Related to Plan During Q4 of 2020.
National Instruments - in Connection With Plan, Estimates That It Will Recognize Pre-tax Charges to GAAP Financial Results of About $22 Million to $28 Million.
National Instruments - Anticipates Majority of Charges Will Be Recognized During Q4 2020, With Remaining Amount Expected to Be Recognized During 2021.