MariaDB Says On October 12, Co Began Implementing Its Board-Approved Restructuring Plan; Says Restructuring Plan Includes Reduction Of Co's Workforce By 84 People, Or About 28%
Portfolio Pulse from Benzinga Newsdesk
MariaDB has begun implementing a board-approved restructuring plan on October 12, which includes a reduction of the company's workforce by 84 people, or about 28%.
October 12, 2023 | 1:08 pm
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MariaDB's restructuring plan, which includes a significant workforce reduction, may impact the company's short-term operations and potentially its stock price.
The restructuring plan, including a significant workforce reduction, may lead to short-term operational disruptions. This could potentially affect the company's performance and, in turn, its stock price. However, in the long term, the restructuring could lead to cost savings and improved efficiency.
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