BigCommerce Holdings shares are trading lower after the company reported worse-than-expected Q3 revenue results. Also the company announced it committed to a restructuring plan to reduce its current workforce by approximately 7%.
Portfolio Pulse from Benzinga Newsdesk
BigCommerce Holdings reported worse-than-expected Q3 revenue results, causing its shares to trade lower. The company also announced a restructuring plan to reduce its workforce by approximately 7%.
November 08, 2023 | 5:41 pm
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NEGATIVE IMPACT
BigCommerce's shares are trading lower due to poor Q3 revenue results and a restructuring plan that includes a 7% workforce reduction.
BigCommerce's worse-than-expected Q3 revenue results and the announcement of a workforce reduction plan are negative indicators for the company's short-term performance. This has led to a decrease in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100