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On October 18, 2023, Cibus Implemented Strategic Realignment, Resulting In Reduction In Workforce In Full Time Employees From 242 To Approximately 185 - Filing

Author: Benzinga Newsdesk | October 18, 2023 05:36pm

 The company estimates that it will incur approximately $0.5 million of one-time costs in connection with the reduction in workforce, primarily related to accrued vacation and severance payments. The company communicated the workforce reduction to affected employees on October 18, 2023, and expects the majority of the associated costs to be incurred during the quarter ending December 31, 2023.

Posted In: CBUS


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