Maplebear (CART) has released an update.
The Company’s Board has launched a Restructuring Plan to streamline operations and workforce, reducing its global workforce by 7%, which will incur $19 to $24 million in related charges. Asha Sharma will step down as Chief Operating Officer, and the Company is doubling its share repurchase program to $1 billion, with repurchases based on market conditions and not bound by a fixed amount or end date.
For further insights into CART stock, check out TipRanks’ Stock Analysis page.
