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
which according to its most recent annual report had 3,200 employees, was not immediately available for…

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