Codexis Inc Recorded $3.1M In Connection With Payment Of Post-Employment Benefits To Employees Impacted By Workforce Reduction, And Other Expenses
Portfolio Pulse from Benzinga Newsdesk
Codexis Inc has recorded $3.1M in connection with the payment of post-employment benefits to employees impacted by workforce reduction, according to an SEC filing.
November 03, 2023 | 8:34 pm
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Codexis Inc's recent workforce reduction has led to a $3.1M expense for post-employment benefits, which could impact the company's short-term financial performance.
The $3.1M expense recorded by Codexis Inc for post-employment benefits due to workforce reduction could negatively impact the company's short-term financial performance. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100