January 7, 2015 / 12:05 PM / 5 years ago

Aveo Oncology to cut two-thirds of workforce

Jan 7 (Reuters) - Aveo Oncology said its plans to cut two-thirds of its workforce, or 40 positions, as a part of a restructuring that includes the departure of Chief Scientific Officer Jeno Gyuris.

Related severance and outplacement charges of about $4.5 million will be included in first quarter results, Aveo said. . (Reporting by Rosmi Shaji in Bengaluru; Editing by Simon Jennings)

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