Kelly announces strategic restructuring, workforce reduction; expects $7.5M-$8.5M Q3 charge

KELLY SERVICES INC

Workforce reduction implemented as part of strategic restructuring to optimize operating model.
Restructuring charge of $7.5-$8.5 million expected in Q3 2023.
Aims for meaningful EBITDA margin expansion beginning immediately, with substantial improvement in H2 2023 and beyond.
Actions follow comprehensive review of growth and efficiency objectives; part of transformation announced in May.
Additional details on Q2 earnings call scheduled for August 10, 2023.

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