Brief: Neurometrix Says Has Implemented A Reduction In Force Affecting 11 Employees

NeuroMetrix

27/06/2019 12:04

June 27 (Reuters) - NeuroMetrix Inc  NURO.O :
    * NEUROMETRIX PROVIDES STRATEGIC UPDATE
    * NEUROMETRIX INC - COMPANY HAS IMPLEMENTED A REDUCTION IN
FORCE
AFFECTING 11 EMPLOYEES
    * NEUROMETRIX INC - ALSO REPORTED PLANS TO SUBLET ITS
CORPORATE
OFFICE AND CONSOLIDATE OPERATIONS AT ITS MANUFACTURING AND
FULFILLMENT FACILITY
    * NEUROMETRIX INC - REDUCTION IN FORCE COMBINED WITH EARLIER
STAFFING ADJUSTMENTS HAVE REDUCED COMPANY'S WORKFORCE BY OVER
50% SINCE BEGINNING OF 2019
    * NEUROMETRIX INC - ALSO LIKELY THAT COMPANY WILL INCUR
CHARGES
ASSOCIATED WITH SETTLEMENT OF FTC MATTER

Source text for Eikon:  ID:nGNX1jMfKX 
Further company coverage:  NURO.O 

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