Fol­low­ing Au­gust melt­down, Zymer­gen hints at sal­vage plans — cut­ting jobs and rene­go­ti­at­ing loans

Two months af­ter a spec­tac­u­lar im­plo­sion that saw its found­ing CEO leave his post amid cus­tomer re­ports its on­ly prod­uct didn’t work, Zymer­gen pro­vid­ed the first peek be­hind the cur­tain for its plans mov­ing for­ward.

In an SEC fil­ing Wednes­day, Zymer­gen told reg­u­la­tors it would slash about 100 jobs and had rene­go­ti­at­ed a $100 mil­lion loan from Per­cep­tive that loomed like a storm cloud over the com­pa­ny, mov­ing up the ma­tu­ri­ty date 18 months to June 30, 2022. Jed Dean, one of Zymer­gen’s three co-founders and VP of op­er­a­tions, will al­so step down at the end of the month.

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