Atara announces plan to cut workforce by 20%
IN THIS ARTICLE
- Banking & Finance Topic
- Jorge Mercado Author
By Jorge Mercado Tuesday, August 9th, 2022
NOTE: This article was revised on Aug. 10 to include Atara's statement that it will lay off 77 employees. Shares of Atara Biotherapeutics shot up 29% on Aug. 9, the day after the company said it will eliminate 20% of its workforce so it can fund its operations into 2024. According to Atara’s second quarter…