Ardelyx Inc

NASDAQ:ARDX   3:59:32 PM EDT
1.14
-0.06 (-4.62%)
4:14:19 PM EDT: $1.12 -0.02 (-1.32%)
Debt Financing / Related, Layoffs, Restructuring / Reorganization

Ardelyx Inc Says Under Restructuring Plan, Co Is Reducing Workforce By About 102 Employees Or About 65%

Published: 10/13/2021 12:31 GMT
Ardelyx Inc (ARDX) - Ardelyx Inc - on Oct 8, Co's Board Approved and on October 12, 2021 Management Began Implementing Restructuring Plan to Reduce Operating Costs.
Ardelyx Inc Says Under Restructuring Plan, Co is Reducing Workforce by About 102 Employees Or About 65%.
Ardelyx Inc Says Impacted Employees Have Received Notice That Their Positions Will Be Eliminated on December 15, 2021.
Ardelyx Inc Says Expects That Workforce Reduction Will Decrease Its Annual Cash Compensation Costs by About $18.1 Million.
Ardelyx Inc Says Estimates to Incur Aggregate Restructuring Charges of About $2.3 Million, Which Will Be Recorded Primarily in Q4 2021.