RENT - Rent the Runway Shares Are Surging Today On Heels Of Restructuring Plan Layoffs | Benzinga
Rent the Runway, Inc (NASDAQ: RENT) shares are rising after the company adopted a new restructuring plan.
The New York-based clothing rental service plans to reduce its workforce by approximately 10%.
The restructuring is expected to be completed by the end of the fourth quarter (Q4) of fiscal 2023 and fully completed by the end of the second quarter of fiscal ...