Layoff
Locanabio Announces Shutdown, Aids Staff in Job Transition
Locanabio is set to cease operations by the year’s end, succumbing to the challenging financial landscape that continues to affect ...
Pfizer Trims 200 Positions at Michigan COVID Plant During Cost-Saving Measures
The decline in demand for its COVID-19 treatments has prompted Pfizer to initiate a cost-reduction strategy across the company, which ...
AM-Pharma lays off staff and changes CEO after failed phase 3 trial of ilofotase alfa
After experiencing a setback in its phase 3 study for sepsis-associated acute kidney injury (SA-AKI), Dutch biotech company AM-Pharma is ...
Lyndra Therapeutics slashes staff and moves HQ ahead of pivotal data for weekly oral schizophrenia pill
Lyndra Therapeutics is undergoing significant changes, including the appointment of Jessica Ballinger as its new CEO, following the replacement of ...
Akili slashes 40% of staff, shifts to OTC sales for digital therapies
In response to the challenges faced by prescription digital therapeutics companies, Akili is taking a new approach to navigate the ...
NexImmune slashes staff again as cash crunch looms over its nanoparticle platform
NexImmune, the immunotherapy biotech, is once again in the spotlight for layoff as it nears the end of its financial ...
Sana cuts jobs in research area, keeps mum on numbers and programs
Sana Biotechnology, a company with a focus on CAR-T therapies, has discreetly carried out another round of layoffs, declining to ...
Medtronic’s Layoffs Earlier This Year Propel Broad-Based Revenue Growth
Medtronic Commences FY2024 with Encouraging Single-Digit Sales Growth Across Divisions Following Strategic Cost Reduction Measures Medtronic, a prominent player in ...
Aravive’s Desperate Bid for Survival: Drastic Layoffs as Company Nears Liquidation
Aravive, a biotech company, is currently facing a critical juncture as it grapples with the aftermath of a disappointing Phase ...
Breaking: Biogen announces a massive layoff of 1,000 employees
Biogen, a pharmaceutical company, is undergoing a fresh wave of layoffs, with a targeted reduction of 1,000 positions following last ...
Thermo Fisher Cuts Over 200 Jobs at Clinical-Stage Cell and Gene Therapy Facility in Florida
In the midst of ongoing workforce reductions impacting the biotech sector, even prominent players like Bristol Myers Squibb, Emergent BioSolutions, ...
BMS Layoffs Over 100 Employees Lose Jobs After Earnings Miss
Bristol Myers Squibb, a prominent pharmaceutical company headquartered in New Jersey, has undertaken a significant reorganization of its financial structure ...
What’s Behind Emergent BioSolutions’ Decision to Lay Off 400 Employees and Eliminate an Executive Role?
Emergent BioSolutions is undergoing substantial changes as it shifts its focus away from its challenged contract development and manufacturing organization ...
GSK signals a marketing pause in Nigeria after taking the same action in Kenya and India
Last week, GSK announced its intention to discontinue the commercialization of its prescription drugs and vaccines in Nigeria, planning to ...
Karyopharm reduces employees by 20% as Xpovio sales for blood cancer remain stagnant
Source – Karyopharm Therapeutics Karyopharm Therapeutics, faced with stagnant sales of its only approved product, Xpovio (selinexor), has announced a ...
Manufacturer SterRx closes its New York facility and fires 161 workers
SterRx, a manufacturer based in New York, has closed its Plattsburgh plant and terminated 161 employees as a result. The ...
Haleon plans significant layoffs in the UK and elsewhere to save costs: report
Almost exactly one year after GSK’s consumer healthcare business spun off as Haleon, the company is reportedly implementing widespread layoffs ...
