Quanterix Corporation Announces Workforce Reduction Plan to Save $18 Million Annually Following Akoya Biosciences Acquisition
Reuters
Jul 25
Quanterix Corporation Announces Workforce Reduction Plan to Save $18 Million Annually Following Akoya Biosciences Acquisition
Quanterix Corporation has announced a corporate reorganization plan aimed at reducing operating costs and preserving cash following its acquisition of Akoya Biosciences, Inc. The reorganization includes a series of headcount reductions expected to be largely completed by the third quarter of 2025, with anticipated annualized cash savings of approximately $18 million. To implement these changes, the company expects to incur expenses of around $2.5 million in severance, mostly occurring in 2025. These measures are part of the company's strategy to integrate operations and achieve the expected synergies and benefits from the acquisition.
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