NexImmune Plans Implementing An Approximately 53% Reduction In Workforce
Portfolio Pulse from Benzinga Newsdesk
NexImmune has announced plans to reduce its workforce by approximately 53%, decreasing the number of full-time employees from 47 to 22 by September 5, 2023.
August 31, 2023 | 8:54 pm
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NexImmune's planned workforce reduction could lead to short-term operational disruptions, but may improve long-term financial stability.
Workforce reductions often lead to short-term operational disruptions as remaining employees adjust to increased workloads and new responsibilities. However, such reductions can also improve a company's financial stability in the long term by reducing payroll expenses.
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