Invitae Announces Workforce Reduction to Slash Expenses

Invitae (NVTA) has released an update to notify the public and investors about termination and asset disposition expenses.

The Company has reduced its operating expenses by cutting down its workforce as part of a transaction. It anticipates incurring non-cash charges of an unknown amount at this time and plans to update its Current Report with an amendment once those charges can be estimated.

For further insights into NVTA financials, check out TipRanks’ Financials page.