The company said it planned to trim its workforce by 10%, and it also lowered its fiscal 2024 guidance. It now says it expects revenue of between $452 and $468 million, compared to earlier estimates of between $500 million and $506 million. It also lowered its annual adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) estimate to between $193 million and $209 million after earlier saying it would be between $216 million and $222 million.
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The company said it planned to trim its workforce by 10%, and it also lowered its fiscal 2024 guidance. It now says it expects revenue of between $452 and $468 million, compared to earlier estimates of between $500 million and $506 million. It also lowered its annual adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) estimate to between $193 million and $209 million after earlier saying it would be between $216 million and $222 million.