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The latest update is out from Outset Medical (OM).
Jean-Olivier Racine is set to leave his position as the Chief Technology Officer in May 2024 amid a company-wide workforce reduction aimed at enhancing operational efficiency and cutting costs. The restructuring, which brought about an estimated $3 million in charges for severance and related benefits, is part of an effort to streamline the organization’s structure.
Learn more about OM stock on TipRanks’ Stock Analysis page.
