BRIEF-Marin Software Inc Says On Oct 14, Co Commenced Implementing Organizational Restructuring, Reduction In Force Plan To Reduce Co's Operating Costs

Reuters10-16

Oct 16 (Reuters) - Marin Software Inc :

* MARIN SOFTWARE INC SAYS ON OCT 14, CO COMMENCED IMPLEMENTING ORGANIZATIONAL RESTRUCTURING, REDUCTION IN FORCE PLAN TO REDUCE CO'S OPERATING COSTS

* MARIN SOFTWARE INC: RESTRUCTURING PLAN WILL RESULT IN PRE-TAX ANNUALIZED COST SAVINGS OF APPROXIMATELY $3.5 MILLION TO $3.7 MILLION

* MARIN SOFTWARE - RESTRUCTURING PLAN EXPECTED TO RESULT IN REDUCTION OF CO'S GLOBAL EMPLOYEES BY ABOUT 27 EMPLOYEES, REPRESENTING ABOUT 26%

* MARIN SOFTWARE - EXPECTS TO RELEASE ABOUT SEVEN INDEPENDENT CONTRACTORS

* MARIN SOFTWARE - EXPECTS TO RECOGNIZE MAJORITY OF PRE-TAX RESTRUCTURING CHARGES BY END OF DECEMBER QUARTER

* MARIN SOFTWARE - EXPECTS TO SUBSTANTIALLY COMPLETE 2024 RESTRUCTURING PLAN BY END OF DECEMBER QUARTER

Further company coverage:

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

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