Jamf Holding Corp.: restructuring charge — Jamf Holding cuts ~6% of workforce; expects $6.6M-$8.2M in severance charges

Jamf Holding Corp.

Plan impacts approximately 6% of full-time employees.
Estimated charges of $6.6M to $8.2M, primarily cash for severance and benefits.
Majority of costs expected in Q1 2024; plan substantially complete by end of Q2 2024.
Charges will be excluded from non-GAAP financial measures.
Aims to reduce operating costs and improve margins toward profitable growth.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Jamf Holding Corp. announced a restructuring with charges of approximately $6.6 million to $8.2 million (approximately 6% of the Company's full-time employees).

Type: restructuring
Charge: approximately $6.6 million to $8.2 million
Headcount: approximately 6% of the Company's full-time employees

Exact text from the filing

The Company currently estimates that it will incur charges of approximately $6.6 million to $8.2 million in connection with the Plan, consisting of cash expenditures for notice period and severance payments, employee benefits, and related costs.

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Source: SEC EDGAR

accession 0001628280-24-002135

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