Location: Bay Area, California, USA.
Based on news reporting.
Exelixis, Inc., a Bay Area biotech company valued at $10 billion, has laid off 130 workers as part of a cost-cutting strategy. This decision reflects the company's efforts to streamline operations amid financial pressures. The layoffs occurred recently and are aimed at improving the company's financial health. Exelixis has not specified which departments were affected by these job cuts. The move highlights the challenges faced by biotech firms in the current economic climate.
Exelixis, Inc. cut 130 jobs as of October 1, 2023.
That is roughly 21.7% of the 600 people Exelixis, Inc. employs.
LayoffTalk has tracked 4 layoff events at Exelixis, Inc. since October 2023, affecting a combined 405 employees.
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