Five9 (FIVN) said late Thursday its board has approved a plan to cut its global workforce by about 4%.
The company said it expects cash expenditures of $7 million to $9 million, comprising of severance payments and other costs. It expects the expenses to incur in Q2 and Q3.
Five9 also said it expects its March quarter results to be "in-line with or better" than its guidance for revenue, GAAP net loss per share, and non-GAAP net income per share provided in February.
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