Brief: Alpha Teknova Cuts About 15% Workforce

Alpha Teknova

16/01/2024 22:35

Jan 16 (Reuters) - Alpha Teknova Inc  TKNO.O :
    * ALPHA TEKNOVA INC:  ON JANUARY 11 ANNOUNCED A REDUCTION IN
ITS
WORKFORCE THAT AFFECTED APPROXIMATELY 15% OF ITS CURRENT
EMPLOYEES
    * ALPHA TEKNOVA INC: TOOK THIS STEP IN FURTHERANCE OF ITS
EFFORT
TO REDUCE OPERATING EXPENSES INITIATED IN Q4 OF FISCAL 2023
    * ALPHA TEKNOVA INC:  TOTAL ANNUALIZED COST SAVINGS FROM
REDUCTION
IN WORKFORCE ARE ESTIMATED AT ABOUT $6.4 MILLION
    * ALPHA TEKNOVA INC: EXPECTS TO RECOGNIZE ABOUT $1.2 MILLION
IN
TOTAL CHARGES FOR SEVERANCE AND RELATED BENEFITS FOR EMPLOYEES

Further company coverage:  TKNO.O 

 ((Reuters.Briefs@thomsonreuters.com;))