Brief: Sight Sciences Inc Intends To Reduce Its Headcount By 25 Employees, Or About 10%

Sight Sciences

17/10/2023 23:33

Oct 17 (Reuters) - Sight Sciences Inc  SGHT.O :
    * SIGHT SCIENCES INC - PURSUANT TO PLAN, COMPANY INTENDS TO
REDUCE
ITS HEADCOUNT BY 25 EMPLOYEES, OR APPROXIMATELY 10%
    * SIGHT SCIENCES INC - INTENDS TO REDUCE ITS HEADCOUNT BY
APPROXIMATELY 10% OF ITS GLOBAL WORKFORCE
    * SIGHT SCIENCES INC - PLANS TO REDUCE ITS COMMERCIAL
INFRASTRUCTURE AND OPERATING EXPENSES WITHIN ITS DRY EYE
BUSINESS SEGMENT
    * SIGHT SCIENCES INC - PLANS TO ELIMINATE CERTAIN POSITIONS
IN
SURGICAL GLAUCOMA COMMERCIAL SUPPORT INFRASTRUCTURE THAT IT
DEEMS NON-ESSENTIAL
    * SIGHT SCIENCES INC - AS A RESULT OF IMPLEMENTING PLAN,
COMPANY
EXPECTS TO RECORD A CASH RESTRUCTURING CHARGE OF APPROXIMATELY
$1.3 MILLION IN Q4
    * SIGHT SCIENCES INC - REAFFIRMS ITS REVENUE GUIDANCE FOR
YEAR
ENDING DECEMBER 31, 2023 OF $80.0 MILLION TO $82.0 MILLION
    * SIGHT SCIENCES INC - ESTIMATES WORKFORCE REDUCTIONS ALONE
WILL
YIELD SAVINGS OF APPROXIMATELY $7.9 MILLION ON AN ANNUALIZED
BASIS

Source text for Eikon (https://shorturl.at/hjqS4)
Further company coverage:  SGHT.O 

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