Brief: Personalis Discloses Reduction In Headcount Impacting About 20% Of Co's Staff

Personalis

04/12/2023 14:31

Dec 4 (Reuters) - Personalis Inc  PSNL.O :
    * PERSONALIS EXTENDS CASH POSITION INTO 2026, PROVIDES
UPDATE ON
KEY INITIATIVES
    * PERSONALIS INC - WORKFORCE RESTRUCTURING AND RECENT
COMMERCIAL
COLLABORATION HELP POSITION COMPANY FOR LONG-TERM SUCCESS
    * PERSONALIS INC - DISCLOSED A REDUCTION IN HEADCOUNT
IMPACTING
APPROXIMATELY 20% OF COMPANY'S STAFF
    * PERSONALIS - BY CONSOLIDATING SEVERAL FUNCTIONS FOR
EFFICIENCY,
REDUCTION IS EXPECTED TO REDUCE OPERATING EXPENSES BY
APPROXIMATELY $14 MILLION ANNUALLY

Source text for Eikon:  ID:nBw9GHXHQa 
Further company coverage:  PSNL.O 

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