WebOct 7, 2024 · As the economy ebbs and flows, pharma and biotech companies alike are feeling the pressure to cut costs. From rapid inflation to the ever-changing regulatory landscape, many are looking for ways to reduce their burn rate. One way to do this is by reducing staff, and so far, the layoff trend has continued into the second half of 2024. WebDec 21, 2008 · FierceBiotech. @FierceBiotech. ·. In the first quarter of 2024, 56 biopharmas laid off staff—an 87% jump over the same period in 2024, when 30 companies made cuts. fiercebiotech.com. Biotechs see 'staggering' 87% rise in layoffs during Q1, on pace to overtake 2024.

Biotech layoffs 2024: GentiBio cuts workers months after …

WebApr 6, 2024 · Today's Rundown. Fierce Biotech Layoff Tracker: Novartis, bluebird add to pile of 30-plus biotechs laying off staff Horizon BCBS sues Regeneron over Eylea … Web1 day ago · A biotech startup that signed a $1.9 billion deal with Bristol Myers Squibb Co. eight months ago is now laying off employees. The Boston-based startup blamed the … heat gun for mobile phone repair

Publicly traded biotech company Absci lays off employees ... - GeekWire

WebApr 19, 2024 · After years of unchecked growth, biotech companies with little cash on hand after 14 months of deflated stock prices could soon resort to layoffs or mergers in an effort to stay alive. WebJan 3, 2024 · Fierce Biotech Layoff Tracker: Layoffs strike 119 companies in 2024 Editor's Note: When we launched the Fierce Biotech Layoff Tracker, we hoped it would be a short-lived project. Layoffs hit biotech fast and furious in 2024. WebDec 20, 2024 · BioSpace Layoff Tracker 2024: Axcella Therapeutics, TherapeuticsMD, Instil Bio and More Cull Staff. 12/15/2024. The layoffs trend in the life sciences industry is continuing into the final months of 2024. See inside for details on which companies are reducing staff to increase cash flow. movers in northwest indiana