Exodus Cuts 25% of Workforce in Restructuring Move

Frequently Asked Questions

What percentage of Exodus' workforce will be cut?

Exodus will cut 25% of its workforce.

What is the expected annualized cash operating expense savings from the restructuring?

The expected annualized cash operating expense savings is $10-13 million.

How much will Exodus recognize in pre-tax charges in connection with the action?

Exodus expects to recognize approximately $2.5-3.5 million in pre-tax charges.