London May 4 2023: WANdisco (LSE: WAND), the data activation platform, announces that it is undertaking a reorganisation and review process that would, upon completion reduce the Company's global headcount by approximately 30%.
These proposed actions are across all areas of the Company's operational and geographic footprint and individuals impacted are being consulted in accordance with local law with the provision of support and information on next steps. The Company has conducted a detailed review of the business which has indicated the need for difficult but necessary changes to the Company's size in order to position the Company for long-term growth and success.
Further to previously issued announcements, the Company has continued to trade in the ordinary course of business. Activity also continues to progress on various workstreams with the objective to lift the suspension of the Company's shares as soon as is practicable.
Kenneth Lever, Executive Chairman of WANdisco plc, commented: "The proposal to reduce the Company's overall headcount was considered at great length. Regrettably, the proposed action is a necessary step to responsibly position WANdisco for long-term growth. We are working through the process as sensitively and supportively as we can, providing those directly impacted with as much information and support as possible and at all times in full compliance with local law."
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