RGTI - Rigetti Computing to reduce 28% of workforce

• Rigetti Computing ( NASDAQ: RGTI ) is eliminating about 28% of its workforce as part of an updated strategic plan .
• The board approved an updated business strategy that calls for revisions to the firm's technology roadmap and a workforce reduction in order to focus the organization and its resources on nearer-term strategic priorities.
• In connection with this updated strategy, the company will transition to a newly appointed chief financial officer and chief technology officer. Seasoned finance executive Jeffrey Bertelsen will succeed Brian Sereda as CFO, effective Feb. 15. Sereda will remain with the company as a non-executive employee until March 31.
• In addition, effective Feb. 9, 2023, David Rivas has been promoted to chief technology officer, replacing Mike Harburn who left the firm.
• RGTI shares were down around 1% in Friday's premarket session

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