BRIEF-Medavail Holdings Approved Reduction In Force Of About 40% Of Current Full-Time Employees

Reuters01-24

Jan 23 (Reuters) - MedAvail Holdings Inc :

* MEDAVAIL HOLDINGS INC: ON JANUARY 19, APPROVED A REDUCTION IN FORCE OF APPROXIMATELY 40% OF COMPANY'S CURRENT FULL-TIME EMPLOYEES

* MEDAVAIL HOLDINGS INC: REDUCTION IS EXPECTED TO RESULT IN ANNUALIZED OPERATING EXPENSE SAVINGS OF APPROXIMATELY $1.7 MILLION COMPARED TO FULL YEAR 2024

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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