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Technology Stocks : Impinj, Inc.
PI 176.23+0.4%10:07 AM EST

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From: Cooters2/9/2024 8:12:19 AM
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BRIEF-Impinj says Reduction-In-Force Affecting Approximately 10% Of Employees
REUTERS

5:20 PM ET 02/08/2024

Feb 8 (Reuters) - Impinj Inc (PI):

* IMPINJ INC (PI) - REDUCTION-IN-FORCE AFFECTING APPROXIMATELY 10% OF COMPANY'S EMPLOYEES

* IMPINJ INC (PI) - EXPECTS REDUCTION-IN-FORCE CHARGES, COMPRISING PRIMARILY SEVERANCE BENEFITS, TO BE IN RANGE OF $1.7 MILLION TO $2.0 MILLIO

* IMPINJ INC (PI) - EXPECTS MOST OF CHARGES TO BE RECOGNIZED IN FIRST AND SECOND FISCAL QUARTERS OF 2024
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