|Bid||18.30 x 900|
|Ask||18.60 x 800|
|Day's Range||17.92 - 18.66|
|52 Week Range||15.67 - 113.40|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 01, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||26.45|
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SAN FRANCISCO, November 17, 2022--Asana was named a Leader in The Forrester Wave™: Collaborative Work Management Tools, Q4 2022.
Asana Inc., a San Francisco work management software company, announced a mass layoff on Tuesday, nearly four months after it leased more space in the city. The company (NYSE: ASAN) said it would cut about 9% of its workforce, according to a regulatory filing, with says 97 employees will be affected. The company said it would take $9 million to $11 million in charges related to the reductions.
On Tuesday, project management software provider Asana announced “the difficult decision” to cut its workforce by 9% as part of a broader corporate restructuring program. Asana’s cuts follow a flurry of other recent layoff announcements in the technology sector from companies like Meta Platforms (META), Lyft (LYFT), Coinbase (COIN), Twitter and many others, amid a global softening of the macroeconomic environment. In a securities filing, Asana (ticker: ASAN) said the plan is “intended to improve operational efficiencies and operating costs and better align the Company’s workforce with current business needs, top strategic priorities, and key growth opportunities.”