Eargo Announces Reduction Of 32-42% Of Workforce, Sees Non-Recurring Charges Of $5M-$7M
Portfolio Pulse from Benzinga Newsdesk
Eargo has announced a workforce reduction of 32-42%, which will result in non-recurring charges of $5M-$7M.
June 27, 2023 | 8:51 pm
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Eargo's workforce reduction could lead to short-term financial instability, potentially impacting the company's stock price.
Workforce reductions often indicate financial instability or restructuring within a company. This could lead to investor uncertainty, potentially negatively impacting Eargo's stock price in the short term.
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