Location: Cambridge, Massachusetts, USA.
Based on news reporting.
Moderna, Inc. has announced a layoff affecting 10% of its workforce due to financial concerns as its cash reserves diminish. This decision translates to approximately 1,000 employees being laid off. The company is facing challenges that have prompted this workforce reduction, reflecting broader issues within the biotech sector. The layoffs are part of a strategic adjustment to ensure the company's financial stability moving forward.
Moderna, Inc. cut 1,000 jobs as of October 1, 2023.
That is roughly 17.9% of the 5,600 people Moderna, Inc. employs.
LayoffTalk has tracked 8 layoff events at Moderna, Inc. since October 2023, affecting a combined 11,601 employees.
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