Brief: Greenlight Biosciences To Cut Workforce By About 51%

Greenlight Biosciences Holdings PBC

31/05/2023 21:55

May 31 (Reuters) - Greenlight Biosciences Holdings PBC
 GRNA.O :
    * GREENLIGHT BIOSCIENCES HOLDINGS PBC - ON MAY 30, BOARD
AUTHORIZED A RESTRUCTURING PLAN THAT IS DESIGNED TO EXTEND
COMPANY'S CASH RUNWAY
    * GREENLIGHT BIOSCIENCES HOLDINGS PBC -  PLAN INCLUDES
REDUCTION
OF WORKFORCE BY ABOUT 51%, CONSISTING PRIMARILY OF EMPLOYEES
SUPPORTING PROGRAMS
    * GREENLIGHT BIOSCIENCES HOLDINGS PBC - EXPECTS TO INCUR A
PRE-TAX
RESTRUCTURING CHARGE IN Q2 OF 2023 OF APPROXIMATELY $6 TO $8
MILLION

Source text for Eikon:  ID: 
Further company coverage:  GRNA.O 

 ((Reuters.Briefs@thomsonreuters.com;))