Viant Technology Inc - Co Approved Plan To Reduce Co's Current Workforce By 46 Employees, Representing About 13% Of The Company's Total Workforce - Filing

Dec 9, 202222:29 UTC

Viant Technology Inc DSP:

VIANT TECHNOLOGY INC - CO APPROVED PLAN TO REDUCE CO'S CURRENT WORKFORCE BY 46 EMPLOYEES, REPRESENTING ABOUT 13% OF THE COMPANY’S TOTAL WORKFORCE
VIANT TECHNOLOGY INC - EXPECTS THAT THE REDUCTION IN FORCE WILL BE SUBSTANTIALLY COMPLETED WITHIN APPROXIMATELY 60 DAYS OF DECEMBER 9, 2022
VIANT TECHNOLOGY INC - CURRENTLY ESTIMATES THAT IT WILL INCUR NON-RECURRING CHARGES OF ABOUT $1.2 MILLION IN CONNECTION WITH THE REDUCTION IN FORCE
VIANT TECHNOLOGY INC - COMPANY EXPECTS THAT SUBSTANTIALLY ALL OF THESE CHARGES WILL BE INCURRED IN THE FOURTH QUARTER OF 2022
VIANT TECHNOLOGY INC - CO EXPECTS THAT THE REDUCTION IN FORCE WILL BE SUBSTANTIALLY COMPLETED WITHIN ABOUT 60 DAYS OF DECEMBER 9, 2022