) is going to cut about 1% of its workforce and is restructuring its bike and scooter business in a bid to reduce its operating costs. The company expects to incur $34 million to $46 million in charges related to the moves.Lyft is planning to further cut, cut down on its workforce as part of restructuring to cut costs.Um So company saying ju this is an effort to align strategic priorities and to reduce operating costs.
Uh You know, we recently spoke with Lo David Rich sound very conf from a market place per remember, he told us to feel super, super strong his word but uh obviously challenges stock is down near 25% this year.Uh The company apparently is still gonna have E bikes um but not those uh dock list bikes and scooters.Um You know, they had about 3000 employees at the end of last year.
So cutting um a a decent number 1% of them here, you know, with the small workforce, it seems bigger, I guess by comparison.Mo most on the street are on the sidelines and you'll, you'll hear a lot of them say is, you know, no surprise after a move like that.But I think, you know, you'll tell clients, they still think that the kind of key for this company is, can they sustain top line growth, still ramp profitability at the same time and that they're waiting for more proof points.
ARLINGTON, Va., September 04, 2024--AeroVironment, Inc. reported today financial results for the fiscal first quarter ended July 27, 2024.CAMPBELL, Calif., September 04, 2024--ChargePoint Holdings, Inc. , a leading provider of networked solutions for charging electric vehicles , today reported results for its second quarter of fiscal year 2025 ended July 31, 2024.Toronto, Ontario-- - Tenet Fintech Group Inc.
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