Brief: Frequency Therapeutics To Reduce About 55% Workforce

Korro Bio

06/06/2023 21:53

June 6 (Reuters) - Frequency Therapeutics Inc  FREQ.O :
    * FREQUENCY THERAPEUTICS INC - ON MAY 31, CO ANNOUNCED A
REDUCTION
IN FORCE OF APPROXIMATELY 55% OF ITS WORKFORCE
    * FREQUENCY THERAPEUTICS INC - REDUCTION WILL BE COMPLETED
BY JUNE
9, 2023
    * FREQUENCY THERAPEUTICS INC - TOTAL COSTS RELATED TO
REDUCTION
ESTIMATED TO BE ABOUT $1.16 MILLION IN FUTURE CASH OUTLAYS

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

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