Jones Soda (JSDA): Looks like the new CEO is clearing out t...

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Jones Soda (JSDA)

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Thursday, 04/23/2020 8:24:06 PM

Thursday, April 23, 2020 8:24:06 PM

Looks like the new CEO is clearing out the dead weight:

"On April 16, 2020, the Board of Directors (the “Board”) of Jones Soda Co. (the “Company”) approved a restructuring plan that included the termination of nine employees and the furloughing of four employees to be effective on April 17, 2020. This restructuring is intended to reduce the Company’s operating expenses, and the Company does not anticipate incurring any material charges in connection with such restructuring. "

https://www.sec.gov/Archives/edgar/data/1083522/000108352220000018/jsda-20200422x8k.htm

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