Location: San Francisco, California, USA.
Based on news reporting.
Alector LLC has announced significant layoffs, cutting its workforce by half, which equates to approximately 50 employees. This decision follows the disappointing results of a Phase 3 clinical trial for an antibody developed in partnership with GSK aimed at treating dementia. The company is now focusing on its remaining programs and streamlining operations in light of the trial's failure. The layoffs are part of a broader effort to adjust to the challenges faced in the biotech sector, particularly in the development of new therapies. Alector's headquarters is located in San Francisco, California.
Alector LLC cut 50 jobs as of October 1, 2023.
LayoffTalk has tracked 4 layoff events at Alector LLC since October 2023, affecting a combined 364 employees.
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