Pliant Technologies Announces 45% Workforce Reduction in Cost-Cutting Strategy
Pliant Technologies has announced it will reduce its workforce by 45% as part of a cost-cutting strategy. The company aims to minimize costs and maintain its cash reserves through this measure. The company stated the decision comes as part of an effort to ensure long-term financial stability. The workforce reduction will affect various departments within the company. The specific details regarding severance packages and support for affected employees have not yet been released.
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Date: May 2, 2025
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