Form 8-K Compass, Inc. For: Sep 20
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Compass (COMP) Reports Workforce Reduction
September 20, 2022 8:56 AM EDTCompass (NYSE: COMP) disclosed:
On September 20, 2022, Compass, Inc. (the Company) took significant action towards achieving a non-GAAP operating expense level in 2023 of $1.05 billion to $1.15 billion with a workforce reduction (Workforce Reduction) as part of the Companys cost reduction efforts previously highlighted on the Companys August 15, 2022 earnings call. The Workforce Reduction is separate from and in addition to the strategic actions that were reported on the Companys Form 8-K dated June 14, 2022.
The Company believes it is in a position to reduce its go forward investment in technology given the maturity... More
