Atara rises on plan to lay off staff

Reuters
2025.10.07 16:10
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** Cell therapy developer Atara's shares rise 5.1% to $14.69, its highest in more than eight months** Co to lay off 29% of staff, retaining about 15 employees** ATRA expects to complete cuts by Jan 2026 ** Co expects ~$1.3 mln in layoff costs related to severance and other benefits ** Company says more charges may arise depending on events tied to layoffs** Including session's move, stock up ~10% YTD