Tessera Therapeutics Lays Off 35% of Workforce in Somerville
SOURCENews reportView the filing ↗
What we know
Location: Somerville, MA.
Based on news reporting.
Summary
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.
LayoffTalk has tracked 10 layoff events at Tessera Therapeutics since November 2025, including 262 jobs documented in official WARN filings, with 3 additional events known from news reporting.
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