Alight, Inc. Announces Impairment Charges for the Fourth Quarter Ended December 31, 2023
February 21, 2024 at 07:51 am EST
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Alight, Inc. announced impairment charges for the fourth quarter ended December 31, 2023. For the period, the company announced goodwill impairment of $64 million.
Alight, Inc. is a cloud-based provider of integrated digital human capital and business solutions. The Companyâs segments include Employer Solutions and Professional Services. The Employer Solutions segment is driven by its Alight Worklife platform, and includes total employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll. It leverages data across all interactions and activities to improve the employee experience, reduce operational costs and better inform management processes and decision-making. The Professional Services segment includes its project-based cloud deployment and consulting offerings that provide expertise with both human capital and financial platforms. Specifically, this includes cloud advisory and deployment, and optimization services for cloud platforms, such as Workday, SAP SuccessFactors, Oracle, and Cornerstone OnDemand.