Brief: Frequency Therapeutics Inc - On April 8, Co Announced Reduction In Force Of Approximately 30% Of Its Workforce

Korro Bio

08/04/2022 22:24

April 8 (Reuters) - Frequency Therapeutics Inc  FREQ.O :
    * FREQUENCY THERAPEUTICS INC - ON APRIL 8, CO ANNOUNCED
REDUCTION
IN FORCE OF APPROXIMATELY 30% OF ITS WORKFORCE
    * FREQUENCY THERAPEUTICS INC - PURPOSE OF REDUCTION,
APPROVED BY
BOARD ON APRIL 5, IS TO BETTER ALIGN CO'S WORKFORCE WITH NEEDS
OF BUSINESS
    * FREQUENCY THERAPEUTICS - TOTAL COSTS RELATED TO REDUCTION
ESTIMATED TO BE ABOUT $1.2 MILLION IN FUTURE CASH OUTLAYS

Further company coverage:  FREQ.O 

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