On September 26, 2023, Jabil Board Approved Restructuring Plan; Action Includes Headcount Reductions - Filing
Portfolio Pulse from Benzinga Newsdesk
Jabil's board has approved a restructuring plan that includes headcount reductions. The company expects to recognize approximately $300 million in pre-tax restructuring and other related costs over the course of the 2024 fiscal year.
October 02, 2023 | 8:12 pm
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Jabil's restructuring plan, including headcount reductions, is expected to result in approximately $300 million in pre-tax costs in FY2024.
The restructuring plan, which includes headcount reductions, is a significant event for Jabil. It is expected to result in substantial costs, which could negatively impact the company's financial performance in the short term. This could potentially lead to a decrease in the company's stock price.
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