Di­ag­nos­tics out­fit lays off third of em­ploy­ees, now look­ing at 's­trate­gic al­ter­na­tives'

A Lex­ing­ton, MA-based di­ag­nos­tics com­pa­ny has laid off near­ly 30% of its em­ploy­ees as it search­es for “strate­gic al­ter­na­tives,” in­clud­ing a po­ten­tial ac­qui­si­tion or merg­er.

T2 Biosys­tems, which spe­cial­izes in blood tests but ex­pand­ed to Covid-19 us­ing up­per res­pi­ra­to­ry sam­ples, put out word on Tues­day that its re­struc­tur­ing ef­forts in­clud­ed a rough­ly 30% staff re­duc­tion com­plet­ed last week. A spokesper­son told End­points News that the lay­offs im­pact­ed mul­ti­ple de­part­ments, and that the cur­rent head­count is around 110 em­ploy­ees.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER