Location: South San Francisco, CA.
Based on news reporting.
Genentech, Inc., the Bay Area's oldest biotech company, has announced its third round of layoffs in the past 15 months, affecting approximately 300 employees. This decision comes as part of ongoing restructuring efforts aimed at streamlining operations and adapting to changing market conditions. The layoffs are set to take place in South San Francisco, CA, and reflect the company's response to economic pressures and the need for efficiency. Genentech has faced challenges in recent years, prompting these workforce reductions as it seeks to maintain its competitive edge in the biotech industry.
Genentech, Inc. cut 300 jobs as of October 1, 2023.
That is roughly 2.3% of the 13,000 people Genentech, Inc. employs.
LayoffTalk has tracked 15 layoff events at Genentech, Inc. since October 2023, affecting a combined 1,851 employees.
Anonymous by default. Be kind — people reading this may be going through it right now.
Genentech, Inc. cut 300 jobs on October 1, 2023. What did this look like from the inside — which teams, how much notice, what severance was offered? You can post anonymously below.
Share your story anonymously — it helps others reading this feel less alone.
Share your story →Recent tracked events at this company.