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Novavax Says Upon Restructuring Completion Resulting Company Workforce Is Expected To Be Approximately 30% Lower As Compared To 1Q'23-End

Author: Benzinga Newsdesk | February 28, 2024 08:43am

In May 2023, the company announced a global restructuring and cost reduction plan. Additionally, in January 2024 it announced an additional 12% reduction of global workforce, comprised of an additional 9% reduction in the Company’s full-time employees and the remainder comprised of contractors and consultants.

Posted In: NVAX


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