Brief: Medavail Holdings Approved Reduction In Force Of About 40% Of Current Full-Time Employees
23/01/2024 22:23
Jan 23 (Reuters) - MedAvail Holdings Inc MDVL.O :
* MEDAVAIL HOLDINGS INC: ON JANUARY 19, APPROVED A REDUCTION
IN
FORCE OF APPROXIMATELY 40% OF COMPANY'S CURRENT FULL-TIME
EMPLOYEES
* MEDAVAIL HOLDINGS INC: REDUCTION IS EXPECTED TO RESULT IN
ANNUALIZED OPERATING EXPENSE SAVINGS OF APPROXIMATELY $1.7
MILLION COMPARED TO FULL YEAR 2024
Further company coverage: MDVL.O
((Reuters.Briefs@thomsonreuters.com;))
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