BRIEF-Kubient On May 3, Implemented An Approximately 50% Reduction In Company's Workforce, Or Two People

Reuters05-08

May 8 (Reuters) -

* KUBIENT INC - ON MAY 3, IMPLEMENTED AN APPROXIMATELY 50% REDUCTION IN COMPANY'S WORKFORCE, OR TWO PEOPLE

* KUBIENT INC - REDUCTION IN WORKFORCE IS INTENDED TO REDUCE CO'S OPERATING COSTS IN CONNECTION WITH POTENTIAL WIND-DOWN OF COMPANY'S BUSINESS

* KUBIENT INC - TERMINATED EMPLOYMENT OF MITCHELL BERG AS CHIEF TECHNOLOGY OFFICER OF COMPANY WITHOUT CAUSE

Source text for Eikon: Further company coverage: [ ]

((Reuters.Briefs@thomsonreuters.com;))

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