The layoffs will cost the company somewhere between $11 million and $13 million for “cash expenditures for severance payments, employee benefits, and related costs” according to a US Securities and Exchange Commission (SEC) form 8-K (which must be filed to reveal major events that shareholders should be aware of) that the company filed on Wednesday.
In a letter to employees on Wednesday, Woodside wrote that the layoffs were needed because “we need to simplify the way we work and op...
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