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Reneo Pharmaceuticals, Inc. has announced that it will proceed with a second workforce reduction of approximately 20% as part of its cost-saving initiatives on February 29, 2024. This announcement, made in a Form 8-K filing with the SEC, follows the company's initial announcement of the plan on December 14, 2023. The company anticipates incurring charges of around $1.7 million related to severance payments and other termination costs in the first quarter of 2024. Reneo Pharmaceuticals cautions that these estimates are based on assumptions and actual costs and timing may vary. Additional costs not currently anticipated may also arise from the workforce reduction. The company's forward-looking statements in the report are subject to various risks and uncertainties, and actual results may differ materially from expectations.
Reneo Pharmaceuticals, Inc. has announced that it will proceed with a second workforce reduction of approximately 20% as part of its cost-saving initiatives on February 29, 2024. This announcement, made in a Form 8-K filing with the SEC, follows the company's initial announcement of the plan on December 14, 2023. The company anticipates incurring charges of around $1.7 million related to severance payments and other termination costs in the first quarter of 2024. Reneo Pharmaceuticals cautions that these estimates are based on assumptions and actual costs and timing may vary. Additional costs not currently anticipated may also arise from the workforce reduction. The company's forward-looking statements in the report are subject to various risks and uncertainties, and actual results may differ materially from expectations.
Reneo Pharmicals, Inc.宣佈，作爲其成本節約計劃的一部分，它將在2024年2月29日開始第二次裁員約20％。該公告是在向美國證券交易委員會提交的8-K表格中發佈的，是在該公司於2023年12月14日首次宣佈該計劃之後發佈的。該公司預計，2024年第一季度將產生約170萬美元的與遣散費和其他解僱費用相關的費用。Reneo Pharmaceuticals警告說，這些估計是基於假設的，實際成本和時間可能會有所不同。目前未預料到的額外費用也可能因裁員而產生。該公司在報告中的前瞻性陳述受各種風險和不確定性的影響，實際業績可能與預期存在重大差異。
Reneo Pharmicals, Inc.宣佈，作爲其成本節約計劃的一部分，它將在2024年2月29日開始第二次裁員約20％。該公告是在向美國證券交易委員會提交的8-K表格中發佈的，是在該公司於2023年12月14日首次宣佈該計劃之後發佈的。該公司預計，2024年第一季度將產生約170萬美元的與遣散費和其他解僱費用相關的費用。Reneo Pharmaceuticals警告說，這些估計是基於假設的，實際成本和時間可能會有所不同。目前未預料到的額外費用也可能因裁員而產生。該公司在報告中的前瞻性陳述受各種風險和不確定性的影響，實際業績可能與預期存在重大差異。
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