RFID-maker Impinj expects $4.1M charge related to workforce reduction, office closures

Seattle-based Impinj expects to spend $4.1 million on expenses related to a restructuring that includes layoffs and remote office closures. In an amended SEC filing, the RFID-maker updated the estimated cost of a restructuring that went into effect Feb. 13 and included a 9 percent workforce cut and the closure of some remote offices. The move is intended “to match strategic and financial objectives and optimize resources for long term growth,” according to the company. Impinj currently employs 300 people.