Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
LiveWire Group (LVWR) just unveiled an update.
In a strategic move to enhance efficiency and profitability, a company is relocating its west coast product development arm to Wisconsin and reducing its workforce. This restructuring is anticipated to incur initial costs between $3 million to $5 million yet promises substantial savings of $3 million to $5 million in 2024 with annual savings of $8 million to $10 million thereafter. While the company is optimistic, these forward-looking statements are cautioned by potential risks and uncertainties. Additionally, executive Ryan Morrissey will depart as part of the downsizing, with a severance package aligned with the company’s policies.
See more insights into LVWR stock on TipRanks’ Stock Analysis page.
