Riskified Ltd. (RSKD) to Cut 6% Staff

Riskified Ltd. (NYSE: RSKD) today announced that it has undertaken certain actions to reduce operating expenses by initiating a reduction in force that is expected to impact approximately 6% of the Company’s workforce (the “Plan”).

The Company intends to provide additional information, including details of the anticipated charges and cost savings resulting from the Plan, offset by potential re-investment, along with its initial guidance for fiscal year 2024 on its upcoming earnings call, currently scheduled for March 5, 2024.

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