Codexis cuts 18% of workforce, discontinues development programs; $2.9M severance cost

CODEXIS, INC.

Workforce reduction of approximately 18% authorized on November 28, 2022.
Company to discontinue certain development programs, focus on highest-potential projects.
Total severance and bonus payments estimated at $2.9 million, to be expensed in Q4 2022.
Reduction expected to be substantially completed by December 31, 2022.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.