Rapt Therapeutics Will Reduce Its Workforce By 47 People, Or Approximately 40% Of Its Existing Headcount, The Company Estimates That It Will Incur Approximately $0.9M In Restructuring Charges-8K
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Rapt Therapeutics announced a workforce reduction of 47 people, approximately 40% of its existing headcount. The company estimates it will incur around $0.9 million in restructuring charges.
July 22, 2024 | 12:05 pm
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Rapt Therapeutics is reducing its workforce by 40%, impacting 47 employees. The company will incur $0.9 million in restructuring charges.
The significant workforce reduction and associated restructuring charges are likely to be viewed negatively by investors, potentially leading to a short-term decline in the stock price.
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IMPORTANCE 80
RELEVANCE 100