OneSpan Says In Quarter Ending Sep 30, Made Organizational Changes To Support Revised Operating Model, Completed Significant Number Of Actions; Currently Expect To Incur Restructuring Charges Of ~$11M-$12M In Employee Transition And Severance Payments
Portfolio Pulse from Benzinga Newsdesk
OneSpan (OSPN) has made organizational changes to support a revised operating model and completed a significant number of actions. The company expects to incur restructuring charges of approximately $11M-$12M in employee transition and severance payments.
September 27, 2023 | 8:29 pm
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OneSpan's organizational changes and expected restructuring charges of $11M-$12M could potentially impact the company's short-term financial performance.
The organizational changes and restructuring charges indicate a significant shift in OneSpan's operations. This could lead to short-term financial instability, potentially affecting the company's stock price negatively.
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