Jamf Holding (JAMF) has released an update to notify the public and investors about termination and asset disposition expenses.
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Jamf Holding Corp. announced a workforce reduction plan to decrease operating costs and enhance profitability, affecting about 6% of its employees. The plan will likely cost the company between $6.6 million and $8.2 million, mainly for severance and related expenses, with most charges expected in the first quarter of 2024 and completion by the end of the second quarter. These charges will be excluded from certain non-GAAP financial measures, and the actual costs may vary depending on local legal requirements and potential unforeseen events.
For further insights into JAMF financials, check out TipRanks’ Financials page.