Oportun cuts 100 jobs (12% corp staff) targeting $97.5M Q4 2024 expense run rate

Oportun Financial Corp

Headcount reduction of 100 employees, ~12% of corporate staff, excluding retail and contact center agents.
Additional cost cuts on external contractors and vendors; targets $97.5M operating expense run rate by Q4 2024.
Pre-tax charges of $2M to $4M expected in Q2 2024, mainly severance and benefits.
Company previously announced plan to reduce annual operating expenses by $30M on March 12, 2024.
Charges will be excluded from non-GAAP financial measures; actual results may differ.

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