TELA Bio COO/CFO Roberto Cuca Steps Down
TELA Bio (NASDAQ: TELA) announced that Roberto Cuca, who served as Chief Operating Officer and Chief Financial Officer, will step down from his roles. The company also revealed a headcount reduction of approximately 20% to support its cost-cutting strategy. The leadership change comes amid efforts by the biotechnology firm to streamline operations and reduce expenses in response to financial pressures. Cuca's departure marks an internal restructuring move as TELA Bio seeks to optimize resources during challenging market conditions.
Tickers: $TELA
Topics: cost reduction executive change layoffs