Item 2.05. Costs Associated with Exit or Disposal Activities.
On
In conjunction with earlier cost-saving actions, the Company incurred
approximately
The estimates of the charges and expenditures that the Company expects to incur in connection with the restructuring plan, and the timing thereof, are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual amounts may differ materially from estimates.
In addition, the Company may incur other charges or cash expenditures not currently contemplated due to unanticipated events that may occur, including in connection with the implementation of the restructuring plan.
A letter to the Company's employees from
Cautionary Note Regarding Forward-Looking Statements
This report contains "forward-looking statements" within the meaning of the safe
harbor provisions of the
Forward-looking statements are neither historical facts nor assurances of future
performance. Instead, they are based only on our current beliefs, expectations
and assumptions regarding the future of our business, future plans and
strategies, projections, anticipated events and trends, the economy and other
future conditions. Because forward-looking statements relate to the future, they
are subject to inherent uncertainties, risks and changes in circumstances that
are difficult to predict and many of which are outside of our control. Our
actual results and financial condition may differ materially from those
indicated in the forward-looking statements. Important factors that could cause
our actual results and financial condition to differ materially from those
indicated in the forward-looking statements include, among others, the
following: (i) changes in laws and regulations applicable to our business model;
(ii) changes in market conditions and receptivity to our services and offerings;
(iii) results of litigation or regulatory actions; (iv) the loss of one or more
key clients; (v) changesin valuations or useful lives of our assets; (vi)
changes to our abilities to recruit and retain qualified providers into our
network; (vii) the impact of and risk related to impairment losses with respect
to goodwill, intangibles or other assets; and (viii) the impact of the COVID-19
pandemic on our operations, demand for our services and general economic
conditions, as well as orders, directives and legislative action by local,
state, federal and foreign governments in response to the spread of COVID-19.
For a detailed discussion of the risk factors that could affect our actual
results, please refer to the risk factors identified in our
Any forward-looking statement made by us in this report is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 99.1 Letter toTeladoc Health, Inc. employees fromJason Gorevic , datedJanuary 18, 2023 . 104 The cover page of this Current Report on Form 8-K formatted as Inline XBRL.
© Edgar Online, source