BRIEF-Surgalign Holdings Authorized A Reduction In Workforce Which Will Result In The Termination Of About 25 Employees, Effective June 16

Reuters2023-06-20

June 20 (Reuters) - Surgalign Holdings Inc :

* SURGALIGN HOLDINGS - ON JUNE 16, AUTHORIZED A REDUCTION IN WORKFORCE WHICH WILL RESULT IN THE TERMINATION OF ABOUT 25 EMPLOYEES, EFFECTIVE JUNE 16

* SURGALIGN HOLDINGS - REDUCTION IN WORKFORCE IS EXPECTED TO REDUCE EXPENSES BY APPROXIMATELY $3.5 MILLION OVER NEXT 12 MONTHS

* SURGALIGN HOLDINGS INC - EXPECTS TO INCUR A ONE-TIME CHARGE OF APPROXIMATELY $242,000 IN Q2 OF 2023 RELATED TO REDUCTION IN WORKFORCE

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