Brief: Aadi Bioscience Says Approved Plan For Workforce Reduction Of 22 Employees, Representing About 32% Of Workforce

Whitehawk Therapeutics

21/08/2024 11:21

Aug 21 (Reuters) - Aadi Bioscience Inc  AADI.O :
    * AADI BIOSCIENCE: ON AUG 16, APPROVED PLAN FOR WORKFORCE
REDUCTION OF 22 EMPLOYEES, REPRESENTING ABOUT 32% OF CO'S
WORKFORCE
    * AADI BIOSCIENCE INC - ESTIMATES THAT IT WILL INCUR
NON-RECURRING
CHARGES OF APPROXIMATELY $2.2 TO $2.5 MILLION IN CONNECTION WITH
WORKFORCE REDUCTION
    * AADI BIOSCIENCE - EXPECTS THAT MAJORITY OF RESTRUCTURING
CHARGES
TO BE INCURRED IN Q3 OF 2024
    * AADI BIOSCIENCE INC - IMPLEMENTATION OF HEADCOUNT
REDUCTIONS,
INCLUDING CASH PAYMENTS, WILL BE COMPLETE BY END OF Q4 OF 2024

Source text for Eikon:  ID:n0001193125-24-203889 
Further company coverage:  AADI.O 

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