Brief: Science 37 Holdings Says Cost Reduction Program Included A Reduction In Force Affecting Approximately 140 Employees

Science 37 Holdings

11/04/2023 21:22

April 11 (Reuters) - Science 37 Holdings Inc  SNCE.O :
    * SCIENCE 37 HOLDINGS INC - COMMITTED TO AND COMMENCED A
COST
REDUCTION PROGRAM
    * SCIENCE 37 HOLDINGS INC - COST REDUCTION PROGRAM INCLUDED
A
REDUCTION IN FORCE AFFECTING APPROXIMATELY 140 EMPLOYEES
    * SCIENCE 37 HOLDINGS INC - EXPECTS MAJORITY OF REDUCTION IN
FORCE
TO BE COMPLETED BY END OF Q2 OF 2023
    * SCIENCE 37 HOLDINGS INC - TOTAL CASH EXPENDITURES FOR COST
REDUCTION PROGRAM ARE ESTIMATED TO BE APPROXIMATELY $3.7 MILLION
    * SCIENCE 37 HOLDINGS INC - EXPECTS TO RECOGNIZE MOST OF
PRE-TAX
REDUCTION IN FORCE CHARGES IN THE SECOND QUARTER OF 2023

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Further company coverage:  SNCE.O 

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