Jan 12 (Reuters) - Limeade Inc (LME) :
- TODD SPARTZ WILL RESIGN AS CHIEF FINANCIAL OFFICER
- ANNOUNCES A COMPANY RESTRUCTURE THAT WILL LOWER ITS HEADCOUNT OVERALL BY 15%
- RESTRUCTURE ITS RESEARCH AND DEVELOPMENT, PRODUCT, CUSTOMER OPERATIONS, CUSTOMER SUCCESS, MARKETING AND SALES TEAMS
- COSTS ANTICIPATED TO BE ABOUT US$1.3 MILLION & ANNUALIZED SAVINGS ANTICIPATED TO BE ABOUT US$7.0 MILLION
- ONE-TIME COSTS ASSOCIATED WITH REDUCTION IN FORCE INCLUDE SEVERANCE PAYMENTS, AMONG OTHERS
- IN INTERIM, CFO DUTIES WILL BE PERFORMED BY EXISTING LIMEADE FINANCE TEAM UNDER LEADERSHIP OF CONTROLLER PAUL CRICK
