May 4, 2020 / 10:18 PM / 22 days ago

BRIEF-Castlight Health - Announced Its Intent To Undertake A Program To Reduce Its Workforce As Part Of Company's Efforts To Respond To COVID-19 Pandemic

May 4 (Reuters) - Castlight Health Inc:

* CASTLIGHT HEALTH - ANNOUNCED ITS INTENT TO UNDERTAKE A PROGRAM TO REDUCE ITS WORKFORCE AS PART OF COMPANY’S EFFORTS TO RESPOND TO COVID-19 PANDEMIC

* CASTLIGHT HEALTH INC - PROGRAM INVOLVES TERMINATION OF APPROXIMATELY 60 EMPLOYEES, REPRESENTING 13% OF COMPANY’S HEADCOUNT

* CASTLIGHT HEALTH INC - UNDER PROGRAM, COMPANY ESTIMATES THAT IT WILL INCUR CHARGES OF APPROXIMATELY $1.8 MILLION TO $2.2 MILLION

* CASTLIGHT HEALTH INC - COMPANY ESTIMATES TO INCUR MAJORITY OF CHARGES UNDER THE PROGRAM IN Q2 OF 2020 Source text: (bit.ly/35Dp8nO) Further company coverage:

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