Risk Factors Update Summary
- Increased cost of capital due to "increased" cost of capital and "impacted" access to capital.
- Strategic integration and cost optimization initiative in 2024 includes a global workforce reduction of approximately 20%.
- Failure to realize anticipated cost savings could have a material negative impact on revenue.
- Global workforce reduction of approximately 20% as part of the 2024 Initiative.
- Expansion of the 2022 Initiative to include additional cost savings measures in the future.
- Global workforce reduction of approximately 20% as part of the 2024 Initiative.
- Revenue derived from countries outside the U.S. increased from 35% to 37% in 2023.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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