BGSF Inc (BGSF) Announces Cost Restructuring Plan

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Go back to BGSF Inc (BGSF) Announces Cost Restructuring Plan

BGSF, Inc. Announces Cost Restructuring Plan as Part of Strategic Review

December 23, 2024 4:00 PM EST

PLANO, Texas--(BUSINESS WIRE)-- BGSF, Inc. (NYSE: BGSF) (the Company or BGSF), a national provider of consulting, managed services, and workforce solutions, announces, as part of its strategic review process, that it has executed a cost restructuring plan during the fourth quarter.

The Company recently implemented a significant restructuring plan designed to reduce costs, improve operating performance, and position the organization for profitable growth. The Company estimates that this plan will reduce annual compensation and benefit expenses by approximately $5 million. The Company has also identified other expense reductions that it plans to execute... More