Brief: Medavail Holdings Completes Additional Layoff Of 27% Full-Time Employees
28/04/2023 21:45
April 28 (Reuters) - MedAvail Holdings Inc MDVL.O :
* MEDAVAIL HOLDINGS - ON APRIL 27, COMPLETED ADDITIONAL
REDUCTION
OF ABOUT 27% OF CO'S CURRENT FULL-TIME EMPLOYEES
* MEDAVAIL HOLDINGS INC - EMPLOYEES PART OF REDUCTION WERE
IMMEDIATELY TERMINATED, EFFECTIVE APRIL 28
* MEDAVAIL HOLDINGS - ACTIONS IN CONNECTION WITH REDUCTION
TO
RESULT IN FURTHER ANNUALIZED OPERATING EXPENSE SAVINGS OF $1.8
MILLION TO $2.0 MILLION VERSUS 2022
Source text : (https://bit.ly/44daJMP)
Further company coverage: MDVL.O
((Reuters.Briefs@thomsonreuters.com;))
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