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Wheels Up Announces $30M in Cost-cutting, Layoffs

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One week ahead of releasing its 2022 financial results, Wheels Up announced that it is implementing a restructuring plan it expects to produce $30 million in annual savings. The company revealed the plan via an 8-K filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday. In the filing, Wheels Up said the plan “is intended to streamline the company’s organization and reduce headcount in areas of the business that do not directly impact the company’s operations or its customers’… (www.ainonline.com) More...

John Marshall
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