shares of allbirds inc continued to tumble on tuesday after the company slashed its guidance for 2022 and said it would reduce its corporate workforce by midday shares were down 227 to 439 they are down more than 70 this year the san franciscobased sneaker company said after the bell on monday that it expects adjusted revenue to be between 305 million to 315 million for fullyear 2022 down from its prior forecast of 335 million to 345 million allbirds said the reduction reflects the impact of the war in ukraine and covid19 related restrictions in china on its international business the company also revised its adjusted loss before interest taxes depreciation and amortization outlook to between 375 million to 425 million compared with its previous guidance for a loss between 21 million to 25 million allbirds also said monday that it would reduce its corporate workforce by about 8 or two dozen jobs and slow hiring