Zendesk Inc

NYSE:ZEN   4:00:00 PM EDT
77.48
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Layoffs, Regulatory, Earnings Announcements

Zendesk Inc Board Approves Plan To Reduce Workforce By About 300 Employees

Published: 11/08/2022 22:10 GMT
Zendesk Inc (ZEN) - Zendesk Inc Says on Nov 3, Board Approved Plan to Reduce Co's Current Workforce by About 300 Employees Or About 4.9% of Co’s Total Global Workforce.
Zendesk Inc Says Decision Based on Cost-reduction Initiatives Intended to Reduce Operating Expenses, Sharpen Zendesk’s Focus on Key Growth Priorities.
Zendesk Inc Says Currently Estimates That It Will Incur Charges of About $28 Million in Connection With Reduction in Force.
Zendesk Inc - Expects About $8 Million of These Charges Will Be Incurred in Q4 of 2022, Reduction in Force Will Be Substantially Complete by Q1 of 2023.
Revenue is expected to be $449.43 Million
Adjusted EPS is expected to be $0.31

Next Quarter Revenue Guidance is expected to be $438.07 Million
Next Quarter EPS Guidance is expected to be $0.23

More details on our Analysts Page.