January 31, 2018 / 10:28 PM / 8 months ago

BRIEF-Pandora Media Announced A Reduction In Force Plan Affecting About 5 Pct Of Co's Employee Base

Jan 31 (Reuters) - Pandora Media Inc:

* PANDORA MEDIA - ANNOUNCED EFFORTS THAT INCLUDES A REDUCTION IN FORCE PLAN AFFECTING ABOUT 5% OF CO'S EMPLOYEE BASE - SEC FILING

* PANDORA MEDIA - TOTAL COSTS, CASH EXPENDITURES FOR REDUCTION IN FORCE PLAN ARE ESTIMATED AT $6.5 MILLION TO $8.5 MILLION

* PANDORA MEDIA - EXPECTS TO RECOGNIZE MOST OF PRE-TAX REDUCTION IN FORCE CHARGES IN THE FIRST QUARTER OF 2018 Source text: (bit.ly/2nuSf7a) Further company coverage:

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