Brief: Funko Inc Implemented A Reduction In Force

Funko

28/07/2023 22:48

July 28 (Reuters) - Funko Inc  FNKO.O :
    * FUNKO INC - ON JULY 27 IMPLEMENTED A REDUCTION IN FORCE
EXPECTED
TO INVOLVE ABOUT 180-200 EMPLOYEES, REPRESENTING ABOUT CO'S
12-13% OF WORKFORCE
    * FUNKO INC - EXPECTS TO INCUR AGGREGATE CHARGES BETWEEN
ABOUT
$2.4 MILLION AND $2.8 MILLION IN CONNECTION WITH REDUCTION OF
WORKFORCE
    * FUNKO INC - REDUCTION IN FORCE IS EXPECTED TO RESULT IN
ABOUT
$20 MILLION TO $22 MILLION OF ANNUALIZED RUN RATE CASH SAVINGS


Further company coverage:  FNKO.O 

 ((Reuters.Briefs@thomsonreuters.com;))