On July 21, 2023, FOXO Technologies Inc. reduced its employee headcount via layoffs from 22 employees to 15 employees. Laid off employees will be paid through July 21, 2023 and will be eligible for unemployment benefits subject to local regulations. These layoffs will allow the Company to reduce its operating expenses while tailoring its strategic focus towards initiatives such as the Company?s recently announced Bioinformatics Services which offers epigenetic data processing and analysis.
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