Yelp Inc

NYSE:YELP   3:59:55 PM EDT
-0.45 (-1.31%)
Layoffs, Other Pre-Announcement

Yelp Inc - Expects To Record Non-Cash Impairment Charges of About $10.5 Mln to $11 Mln

Published: 06/08/2021 21:45 GMT
Yelp Inc (YELP) - Yelp Inc - in February 2021, Announced That Most Employees Would Remain Primarily Remote, Allowing It to Reduce Its Real Estate Footprint.
Yelp - Expects to Record Non-cash Impairment Charges in Quarter Ending June 30, 2021 Related to Right-of-use Assets, Leasehold Improvements.
Yelp Inc - on June 7, 2021, Co Concluded That Expected Impairment Charges Would Be About $10.5 Million to $11.0 Million in Aggregate.
Yelp Inc - Expects Reduction in Expenses to Continue Through Termination of Related Operating Leases Between December 2024 and July 2025.
Yelp Inc - Plans to Continue Exploring Opportunities to Reduce Expenses Associated With Its Leased Office Space.
Further Company Coverage: Yelpn ((reuters.