Pitney Bowes Expects To Incur Charges Of ~$25M From Workforce Reduction Plan
Portfolio Pulse from Benzinga Newsdesk
Pitney Bowes announced it expects to incur charges of approximately $25 million due to a workforce reduction plan.
July 02, 2024 | 12:13 pm
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Pitney Bowes expects to incur charges of around $25 million from a workforce reduction plan. This move is likely aimed at cost-cutting and improving operational efficiency.
The announcement of incurring $25 million in charges due to workforce reduction indicates a significant restructuring effort. While this may lead to long-term cost savings, the immediate financial impact and potential negative sentiment around job cuts could pressure the stock price in the short term.
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