Marin Software Announces Restructuring Plan for Cost Savings
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Marin Software ( (MRIN) ) has issued an update.
Marin Software Incorporated has launched a restructuring plan to cut costs by reducing its workforce by 26%, affecting 27 employees and seven contractors. The initiative is expected to save $3.5 to $3.7 million annually and will incur costs of $0.6 to $0.8 million primarily for severance. The plan is set to be completed by the end of 2024, with cost savings realized shortly after.
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