Biogen has announced layoffs at Reata Pharmaceuticals’ Plano, Texas site, affecting 113 employees, just weeks after completing its $7.3 billion acquisition of the company in July 2023. The layoffs are set to take effect in late November and come as part of Biogen’s broader cost-reduction program, which aims to save $1 billion in operating expenses … Read more
ProMedica, a prominent healthcare institution based in Toledo, Ohio, has recently disclosed plans to initiate layoffs affecting approximately 20 administrative employees. This strategic workforce reduction is part of ProMedica’s ongoing efforts to stabilize its financial situation, following a reported operating loss of $39.8 million in August. This loss prompted the health system to make significant … Read more
San Francisco tech startup Airtable is undergoing its second round of layoffs in a year, affecting more than 230 employees. The company, which reached an $11 billion valuation in 2021, previously laid off 254 workers in December 2021. This latest round of layoffs will impact 27% of Airtable’s workforce and is described as “company-wide,” affecting … Read more
This decision is part of a larger trend in Silicon Valley, where various companies are implementing cost-cutting measures in response to the economic uncertainties posed by an impending recession.
At-Bay, a cyber insurance company known for its innovative combination of insurance policies with cybersecurity capabilities, is laying off 27 employees, constituting nearly 10% of its total workforce of 305 people. This move comes despite the company’s success and a valuation of $1.35 billion after raising $205 million in a Series D funding round in … Read more
The majority of the 533 laid-off workers are from the Taylorsville facility.
CSL Vifor, a subsidiary of Australian biotech giant CSL, is undergoing significant workforce changes in the wake of its $11.7 billion acquisition of Vifor Pharma last year. The company is set to lay off 85 employees based in California, according to a California Worker Adjustment and Retraining Notification. CSL Vifor, previously known as Vifor Pharma, … Read more
Gemological Institute of America, a nonprofit organization specializing in gemological research and education, has announced layoffs affecting 151 employees at its Carlsbad, California, headquarters. The layoffs will take effect on September 23, 2023. The job cuts impact various roles within the gem lab and some corporate functions. According to GIA spokesperson Stephen Morisseau, these layoffs … Read more
AktiVax, also known as Aktiv Pharma Group, a government-backed rescue autoinjector manufacturer, has announced the shutdown of “substantially all of its operations” and the layoff of around 70 employees. The decision to close three manufacturing facilities and lay off staff in Broomfield and Fort Collins, Colorado, is attributed to “unexpected circumstances.” AktiVax primarily focuses on … Read more
Roku, the TV streaming company, is set to lay off more than 300 employees, constituting approximately 10% of its workforce, as part of its efforts to reduce operating expenses. The company aims to slow its year-over-year headcount expense growth rate through this workforce reduction and other measures. The move is expected to result in a … Read more