Brief: iSpecimen To Cut About 20% Of Company's Total Workforce

iSpecimen

06/09/2023 22:11

Sept 6 (Reuters) - iSpecimen Inc  ISPC.O :
    * ISPECIMEN INC - APPROVED AN ORGANIZATIONAL RESTRUCTURING
PLAN TO
IMPROVE OPERATIONAL PERFORMANCE AND DRIVE SHAREHOLDER VALUE
    * ISPECIMEN INC - IMMEDIATE HEADCOUNT REDUCTIONS OF
APPROXIMATELY
20% OF COMPANY'S TOTAL WORKFORCE
    * ISPECIMEN:AS RESULT OF CHANGES, SEES MONTHLY EXPENSES FOR
HEADCOUNT TO DECREASE BY ABOUT 29% COMPARED TO AVERAGE MONTHLY
COSTS FOR FIRST EIGHT MONTHS OF YEAR
    * ISPECIMEN:AS RESULT OF CHANGES, SEES OTHER MONTHLY
OPERATIONAL
COSTS TO DECREASE BY ABOUT 52% COMPARED TO AVERAGE MONTHLY COSTS
FOR FIRST EIGHT MONTHS OF YEAR

Source text for Eikon:  ID:nGNXbCfkz8 
Further company coverage:  ISPC.O 

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