Cibus cuts ~26 jobs, initiates cost reduction actions; expects $0.35M in Q4 charges

Cibus, Inc.

Workforce reduction of ~26 full-time employees approved Oct 16, communicated Oct 18.
Estimated $0.35M one-time costs in Q4 2024 for accrued vacation and severance.
Additional cuts: reduced consultant/third-party spend, organizational restructuring.
Non-renewal of Oberlin facility lease upon expiration in August 2025.

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