T2 Biosystems Announces Exploration Of Strategic Alternatives And Implementation Of A Restructuring Program, Including 30% Incremental Reduction Of Workforce Completed This Past Week
Portfolio Pulse from Benzinga Newsdesk
T2 Biosystems announced its exploration of strategic alternatives and the implementation of a restructuring program, which includes a 30% reduction in workforce completed this past week.
May 23, 2023 | 12:02 pm
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T2 Biosystems is exploring strategic alternatives and has implemented a restructuring program, including a 30% workforce reduction.
The announcement of a restructuring program and workforce reduction indicates financial challenges faced by T2 Biosystems. This may negatively impact investor sentiment and lead to a short-term decline in the stock price of $TTOO.
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