Schrödinger restructures, cuts ~60 jobs (7% of workforce) to reduce cash burn

Schrodinger, Inc.

Reduces headcount by ~60 employees (~7% of full-time workforce) effective May 19, 2025.
Estimates $3M in restructuring charges (severance, benefits) in FY2025.
Expects annualized operating expense savings of ~$30M; about half from headcount reduction.
Restructuring aims to improve cash burn rate and operational efficiency.

item 8.01

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