Brief: Fulcrum Therapeutics Says It Plans To Reduce Workforce

Fulcrum Therapeutics

24/09/2024 21:20

Sept 24 (Reuters) - Fulcrum Therapeutics Inc  FULC.O :
    * FULCRUM THERAPEUTICS INC: PLAN TO REDUCE CO'S WORKFORCE
FROM 80
TO 51 FULL-TIME EMPLOYEES
    * FULCRUM THERAPEUTICS INC - EXPECTS TO INCUR ONE-TIME COSTS
OF
ABOUT $2.0 MILLION IN CONNECTION WITH THIS WORKFORCE REDUCTION
    * FULCRUM THERAPEUTICS INC: EXPECTS MAJORITY OF COSTS
ASSOCIATED
WITH REDUCTION TO BE INCURRED DURING Q3 ENDING SEPTEMBER 30,
2024
    * FULCRUM THERAPEUTICS: EXPECTS IMPLEMENTATION OF WORKFORCE
REDUCTION WILL BE SUBSTANTIALLY COMPLETE BY END OF Q3 2024
    * FULCRUM THERAPEUTICS INC: BOARD APPROVED PLAN TO
REPRIORITIZE
RESEARCH AND DEVELOPMENT ACTIVITIES
    * FULCRUM THERAPEUTICS: SEES WORKFORCE REDUCTION TO RESULT
IN
ANNUAL OPERATING EXPENSE SAVINGS OF ABOUT $10.0 MILLION
BEGINNING IN Q1 OF 2025

Source text for Eikon:  ID:n0000950170-24-109069 
Further company coverage:  FULC.O 

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