Quotient Technology Inc

NYSE:QUOT  
3.12
-0.02 (-0.64%)
Layoffs, Earnings Announcements

Quotient Technology Initiated Workforce Reduction Plan In Connection With Ongoing Business Transformation Efforts

Published: 11/16/2022 14:33 GMT
Quotient Technology Inc (QUOT) - Quotient Technology Inc - Initiated a Workforce Reduction Plan in Connection With Its Ongoing Business Transformation Efforts.
Quotient Technology Inc - Will Reduce Its Workforce in United States, United Kingdom, and India Across All Functions by Approximately 82 Employees.
Quotient Technology Inc - Quotient Expects the Charges Will Be Recognized in Q4 of Fiscal 2022.
Quotient Technology Inc - All of the Charges Are Cash-based.
Quotient Technology Inc - Estimates Will Recognize Total Pre-tax Restructuring Charges to GAAP Financial Results in the Approximate Amount of $2 Million.
Quotient Technology Inc - Represents a Work Force Reduction of About 9% of Quotient’s Regular Full-time Global Workforce.
Quotient Technology - Workforce Reduction Represents a Reduction of About Fourteen Percent of Quotient's U.S.-based Workforce.
Further Company Coverage: Quotn
Revenue is expected to be $83.66 Million
Adjusted EPS is expected to be $0.00

Next Quarter Revenue Guidance is expected to be $77.08 Million
Next Quarter EPS Guidance is expected to be -$0.03

More details on our Analysts Page.