Troubled Atlanta biomedical company MiMedx to slash 240 jobs, EY quits as auditor

Troubled Atlanta biomedical company MiMedx Group Inc. said Wednesday it will slash its workforce by approximately 240 full-time employees, or 24 percent of its total workforce.

MiMedx also said accounting firm Ernst & Young LLP has resigned as the company’s auditor effective immediately.

Of the jobs being cut, about half are sales personnel, MiMedx (OTC PINK: MDXG) said. The cost reductions also include various non-employee expenses. As a result of the realignment program, MiMedx said, its expects…

Original published: 2018-12-05 12:09:59 Read the full Atlanta News here

Some local news is curated - Original might have been posted at a different date/ time! Click the source link for details.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Send this to a friend