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Tela Bio Cuts 41 Jobs in Malvern as New CEO Launches $17M Plan

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Tela Bio’s new CEO Heather Getz has eliminated 41 Malvern jobs, cutting full-time headcount from 201 to 160. The company expects cost reductions totaling about $17 million annually, with a one-time restructuring charge of roughly $1.5 million, mostly severance. Despite 16% revenue growth to $80.3 million, net losses widened, and it reiterated a going-concern warning.

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