Li-Cycle Implements 17% Workforce Reduction as CFO Decides to Step Down

Tuesday, 26 March 2024, 20:34
Li-Cycle Holdings has announced a significant workforce reduction of 17% along with the decision of the CFO to step down. The move aims to optimize the company's operations and financial performance in light of current challenges. The reduction will result in around $8.3 million in charges, signaling a strategic shift within the organization to streamline operations and improve efficiency.
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Li-Cycle Implements 17% Workforce Reduction as CFO Decides to Step Down

Li-Cycle Announces Workforce Reduction and CFO Resignation

Li-Cycle Holdings has made a strategic decision to reduce its workforce by 17% to optimize operations and financial performance. This move will result in approximately $8.3 million in charges and is accompanied by the resignation of the CFO.

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