Brief: Cue Health Inc - Plan Will Include A Reduction In Company's Employee Base By 151 Employees

Cue Health

25/01/2024 22:28

Cue Health Inc  HLTH.O :
    * CUE HEALTH INC - PLAN WILL INCLUDE A REDUCTION IN
COMPANY'S
EMPLOYEE BASE BY 151 EMPLOYEES
    * CUE HEALTH INC: ON JANUARY 25 IMPLEMENTED A NEW COST
REDUCTION
PLAN
    * CUE HEALTH INC - PLAN CONSTITUTES A REDUCTION OF
APPROXIMATELY
24% IN COMPANY'S GLOBAL WORKFORCE
    * CUE HEALTH : ESTIMATES WILL RECORD AGGREGATE RESTRUCTURING
CHARGE RELATED TO ONE-TIME TERMINATION BENEFITS IN RANGE OF
ABOUT $3.2 MILLION TO $4.0 MILLION

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Further company coverage:  HLTH.O