Brief: Codexis Announces Workforce Reduction Of About 25%

Codexis

20/07/2023 21:35

July 20 (Reuters) - Codexis Inc  CDXS.O :
    * CODEXIS INC - PUBLICLY ANNOUNCED AND INFORMED ITS
EMPLOYEES THAT
IT WAS IMPLEMENTING A WORKFORCE REDUCTION OF APPROXIMATELY 25%
    * CODEXIS INC - EXPECTS WORKFORCE REDUCTION TO BE
SUBSTANTIALLY
COMPLETED BY SEPTEMBER 30
    * CODEXIS INC - ANTICIPATES EXPENSE FROM WORKFORCE REDUCTION
WILL
BE RECOGNIZED IN Q3 OF 2023 AND PAID PRIMARILY DURING SAME
PERIOD
    * CODEXIS INC - COMPANY RECORDING AN EXPENSE OF
APPROXIMATELY $2.9
MILLION IN CONNECTION TO WORKFORCE REDUCTION

Further company coverage:  CDXS.O 

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