Benefitfocus Details Comprehensive Actions to Proactively Manage Impact of COVID-19 Pandemic
Benefitfocus, Inc. (BNFT)
Last benefitfocus, inc. earnings: 3/3 04:05 pm
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
CHARLESTON, S.C., April 28, 2020 (GLOBE NEWSWIRE) -- Benefitfocus, Inc. (NASDAQ: BNFT), the technology platform driving rapid innovation for employers and health plans, announces a series of actions to address the impact of the COVID-19 pandemic on its business and ecosystem. The company has taken significant steps to protect its employees, customers and business partners, reduce its underlying expenses, enhance its financial flexibility and maintain its liquidity profile. “The COVID-19 pandemic has had an unprecedented impact on our global economy,” said Ray August, president and CEO of Benefitfocus. “We are taking decisive actions to maintain Benefitfocus’ financial strength during a prolonged period of uncertainty so we can continue to advance our mission of improving lives with benefits. We have moved swiftly in the last two months to provide the tools and resources needed to help guide and support clients through this pandemic.” Benefitfocus’ ecosystem is among the largest in
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