Purple Innovation Plans Approximate 13% Net Reduction Of Its Workforce; Expects To Incur Restructuring Costs Of $35M - $45M; Company Does Not Expect These Actions To Impact 2024 Guidance
Purple Innovation Plans Approximate 13% Net Reduction Of Its Workforce; Expects To Incur Restructuring Costs Of $35M - $45M; Company Does Not Expect These Actions To Impact 2024 Guidance
Purple will remain headquartered in Utah with its 4 showrooms; all R&D activities will continue to be based in the Innovation Center that Purple opened in Draper, Utah last year.
Purple將繼續總部設在猶他州，擁有4個展廳；所有研發活動將繼續在猶他州德雷珀的創新中心開展，該中心去年由Purple開設。
As part of the plan, the company expects to open a new distribution center in Utah. Purple also plans to increase capacity at its Georgia manufacturing facility.
作爲計劃的一部分，該公司計劃在猶他州開設一個新的配送中心。Purple還計劃增加其喬治亞製造設施的產能。
These actions are expected to be completed in early 2025 and generate $15 to $20 million in EBITDA benefit on an annualized run-rate basis starting in 2025. The Company expects to incur restructuring costs of $35 to $45 million, beginning in the third quarter of 2024 through the second quarter of 2025, of which $26 to $32 million is non-cash. The Company does not expect these actions to impact full-year 2024 guidance targets.
預計這些舉措將於2025年初完成，並從2025年開始，每年產生1500萬至2千萬美元的EBITDA效益。該公司預計將在2024年第三季度至2025年第二季度之間承擔3500萬至4千5百萬美元的重組成本，其中2600萬至3200萬美元是非現金成本。該公司預計這些舉措不會影響2024年全年的業績指標。
