Surmodics To Reduce Company's Workforce By Approximately 13%
Surmodics Inc SRDX:
SURMODICS - ON JAN 30, CO INITIATED CERTAIN ORGANIZATIONAL CHANGES DESIGNED TO ALIGN ITS HUMAN RESOURCES WITH BUSINESS NEEDS & TO REDUCE USE OF CASH
SURMODICS INC - ORGANIZATIONAL CHANGES WILL RESULT IN A REDUCTION IN COMPANY'S WORKFORCE BY APPROXIMATELY 13%
SURMODICS - IN CONNECTION WITH WORKFORCE REDUCTION, CO EXPECTS TO RECORD TOTAL RESTRUCTURING CHARGES OF ABOUT$1.0 MILLION TO $1.2 MILLION IN Q2 2023
SURMODICS INC - WORKFORCE REDUCTION IS EXPECTED TO BE COMPLETED WITHIN COMPANY'S SECOND FISCAL QUARTER
SURMODICS - RESTRUCTURING CHARGES REPRESENT CASH EXPENDITURES FOR SEVERANCE, BENEFITS CONTINUATION, OUTPLACEMENT, AND OTHER COSTS