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Layoffs News: Despite Strong Quarter Earnings, This Biotechnology Company Announces Massive Job Cuts – Here's What The CEO Said - Vimarsana News

Layoffs News: Despite Strong Quarter Earnings, This Biotechnology Company Announces Massive Job Cuts – Here's What The CEO Said

Along with reporting financial results and business highlights for the second quarter on May 5, the biotechnology company announced to lay off 25 per cent of its workforce, as the firm aims at accelerating its path to profitability while simultaneously extending the company’s runway. , Companies News, Times Now