SmileDirectClub stock rallies on cost cuts, workforce ‘realignment’

Shares of SmileDirectClub Inc. rallied after hours on Tuesday after the oral-care company said it planned a round of cost cuts and a “realignment” of its workforce — even as its sales forecasts came up short of expectations.

The company did not directly say whether that “realignment” included layoffs. SmileDirectClub
SDC,
-15.54%
,
which according to its most recent annual report had 3,200 employees, was not immediately available for…

Read More