Brief: Eargo Inc Announced A Plan To Reduce Employee Workforce By 25 Percent To 30 Percent

Eargo

07/12/2021 21:28

Dec 7 (Reuters) - Eargo Inc  EAR.O :
    * EARGO INC - ON DECEMBER 7, 2021, CO ANNOUNCED A PLAN TO
REDUCE
EMPLOYEE WORKFORCE BY 25 PERCENT TO 30 PERCENT
    * EARGO INC - EXPECTS TO SUBSTANTIALLY COMPLETE EMPLOYEE
WORKFORCE
REDUCTION BY END OF FISCAL YEAR ENDING DECEMBER 31, 2021
    * EARGO INC - ESTIMATES COSTS ASSOCIATED WITH EMPLOYEE
WORKFORCE
REDUCTION PLAN WILL BE BETWEEN $1.1 MILLION & $1.6 MILLION

Further company coverage:  EAR.O