Yelp expects $8 million to $10 million in charges related to employee terminations, furloughs [MarketWatch]
Yelp Inc. (YELP)
Last yelp inc. earnings: 2/13 04:05 pm
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Source: MarketWatch
Yelp Inc. issued a filing detailing the ways the company is responding to the COVID-19 outbreak Thursday, disclosing that it expects to incur $8 million to $10 million in costs related to the termination and furloughing of employees during the pandemic. The company expects $4 million to $5 million in charges related to the terminations of about 1,000 employees and another $4 million to $5 million in charges related to support for roughly 1,100 furloughed workers. The company had $491 million of cash, equivalents, and marketable securities as of the end of March and is "exploring additional opportunities to preserve cash, to increase liquidity and to protect its business as well as its financial health," according to the release. Chief Executive Jeremy Stoppelman will not receive a base salary during 2020 and he will forgo shares related to his 2020 restricted-stock-unit arrangement that were expected to vest during the balance of the year. Yelp's board also approved a 30% cut to the b
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YELP
Earnings
- 11/7/24 - Beat
YELP
Sec Filings
- 12/23/24 - Form 144
- 12/18/24 - Form 4
- 12/16/24 - Form 144
- YELP's page on the SEC website