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Stock impact report

Allbirds sheds 3% of workforce in streamlining move [Seeking Alpha]

Allbirds, Inc. (BIRD) 
Company Research Source: Seeking Alpha
Allbirds sheds 3% of workforce in streamlining moveNov. 25, 2022 11:48 AM ETAllbirds, Inc. (BIRD)By:Clark SchultzSA News EditorSpencer PlattAllbirds (NASDAQ:laid offThe job eliminations followed aQ3 earnings reportEPS loss than anticipated.Company statement: "We have thoughtfully evaluated roles and processes in each department, and in each market, to ensure our operating structure is set up for the next phase of growth. In this process, we looked for ways to streamline workflows, reduce duplicative efforts, and put past learnings and operational insights into practice."Shares of Allbirds (Seeking Alpha Quant Rating on BIRD is still flashing Sell. Show less Read more
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