Atara Biotherapeutics Inc. has announced a significant corporate reorganization involving a reduction of its workforce by approximately 30%. This strategic move, announced on May 12, 2025, aims to streamline operations and focus on key strategic priorities. The company plans to retain around 23 essential employees and expects to complete the workforce reduction by August 2025. The reorganization will incur costs of approximately $1.4 million in severance and related benefits, primarily as one-time cash charges. Additional financial details are anticipated in the upcoming quarterly report for the period ending June 30, 2025.
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