Brief: Codexis Authorizes Workforce Reduction Of About 18%

Codexis

29/11/2022 21:40

Nov 29 (Reuters) - Codexis Inc  CDXS.O :
    * ON NOVEMBER 28, 2022, IN ALIGNMENT WITH THE RECENTLY
ANNOUNCED
REFINED CORPORATE STRATEGY AUTHORIZED WORKFORCE REDUCTION OF
ABOUT18%
    * PROVIDING POST-EMPLOYMENT BENEFITS AND 2022 BONUS PAYMENTS
TO
IMPACTED EMPLOYEES FOR A TOTAL OF APPROXIMATELY $2.9 MILLION
    * EXPECTS TO RECOGNIZE EXPENSE, EXCLUDING PORTIONS OF BONUS
PAYMENTS WHICH WERE RECORDED AS EXPENSES IN PRIOR QUARTERS, IN
Q4 OF 2022

Further company coverage:  CDXS.O 
 ((Reuters.Briefs@thomsonreuters.com))