GoodRx to lay off 140 employees or roughly 16% of its workforce

GoodRx approves a reduction in force involving approximately 140 employees or roughly 16% of its workforce, primarily in its tech-focused and marketing groups

 

• This action is part of the Company's initiatives to re-balance its investments and cost structure into prioritized areas that it believes will drive incremental long-term growth and improve margins, consistent with its comments during its Q2 earnings call.
• Co expects to incur pre-tax charges of between approximately $5-7 mln for the reduction in force, substantially all of which is expected to be incurred in Q3.