Informatica Announces Restructuring Plan, To Reduce Global Workforce By 10%
Portfolio Pulse from Benzinga Newsdesk
Informatica has announced a restructuring plan that will reduce its global workforce by 10%. This is a direct result of its cloud-only, consumption-driven strategy announced in January 2023. The company expects no impact to its full-year 2023 guidance.
November 01, 2023 | 8:30 pm
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Informatica's restructuring plan to reduce its workforce by 10% is a result of its cloud-only strategy. The company does not expect this to impact its 2023 guidance.
Informatica's decision to reduce its workforce is a significant move, but the company does not expect it to impact its financial guidance for 2023. This suggests that the company has factored in the costs and benefits of this decision into its financial projections. Therefore, while this news is highly relevant to Informatica, its impact on the company's stock price in the short term is likely to be neutral.
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