Location: Somerville, MA.
Based on news reporting.
Tessera Therapeutics, a biotech company based in Somerville, has announced layoffs affecting 35% of its workforce. This decision comes as part of a restructuring effort aimed at streamlining operations and reducing costs. The layoffs are expected to impact approximately 35 employees, reflecting the company's response to current market conditions and financial pressures. The company has not specified the exact departments affected by these cuts. This move highlights the ongoing challenges faced by biotech firms in the current economic climate.
Tessera Therapeutics cut 35 jobs as of October 1, 2023.
LayoffTalk has tracked 7 layoff events at Tessera Therapeutics since October 2023, affecting a combined 211 employees.
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