Robert Hariri, Celularity CEO (Vivien Killilea/Getty Images for Brain Mapping Foundation)

Celu­lar­i­ty warns of loom­ing lay­offs, spot­lights ear­ly pro­grams as mon­ey runs dry

Celu­lar­i­ty has warned “a sub­stan­tial por­tion” of its em­ploy­ees that lay­offs could be loom­ing in the face of a repri­or­i­ti­za­tion ef­fort. In the same breath, it tout­ed some of its very ear­ly next-gen can­di­dates in de­gen­er­a­tive dis­eases and on­col­o­gy.

“While Celu­lar­i­ty is hope­ful that there will be no need to sub­stan­tial­ly re­duce its head­count, the no­ti­fi­ca­tions were pro­vid­ed in ac­cor­dance with ap­plic­a­ble law and to main­tain full trans­paren­cy with its em­ploy­ees,” the news re­lease reads, in part.

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