Bakkt Holdings Announces Reduction In Force That Is Expected To Result In The Termination Of 28 Employees, Which Represents Approximately 13% Of The Company's Non-Call Center, Full-Time Workforce
Portfolio Pulse from Benzinga Newsdesk
Bakkt Holdings has announced a workforce reduction expected to lead to the termination of 28 employees, about 13% of its non-call center, full-time workforce.
May 03, 2024 | 8:34 pm
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Bakkt Holdings announces a significant reduction in its workforce, impacting approximately 13% of its non-call center, full-time employees.
The announcement of layoffs can lead to negative investor sentiment as it often reflects underlying challenges within a company, such as cost-cutting measures due to financial strain or restructuring efforts. This can result in a short-term negative impact on the stock price as investors reassess the company's future profitability and growth prospects.
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