Zebra Technologies Targets $120M in Annual Savings Through Exit and Restructuring Plans, Eyes Full Year Savings of $60M in 2024
Portfolio Pulse from Benzinga Newsdesk
Zebra Technologies is implementing its 2024 Productivity Plan and Voluntary Retirement Plan to achieve $120M in annual savings. The company anticipates $50M in savings in 2023, an additional $25M in Q1 2024, and a total of $60M for the full year 2024. The Exit and Restructuring plans will cost approximately $130M, with $120M already incurred by Q1 2024.

April 30, 2024 | 10:39 am
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Zebra Technologies is on track to achieve significant cost savings through its restructuring, aiming for $120M annual savings with a total restructuring cost of $130M.
The implementation of Zebra Technologies' 2024 Productivity Plan and Voluntary Retirement Plan indicates a strategic move towards operational efficiency and cost reduction. The anticipated savings of $120M annually, despite the $130M restructuring cost, suggest a positive outlook for the company's financial health and operational efficiency in the short term. This strategic initiative is likely to be viewed positively by investors, potentially leading to an increase in stock price as the company demonstrates its commitment to improving profitability.
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