Layoff trend continues as three more biotechs announce reductions in staff
As several biotech and pharma companies commit to layoffs, another handful brought down the axe late this week.
A WARN notice from the state of Massachusetts’s Department of Career Services said that Sumitomo Pharma America Holdings, Inc/Sunovion Pharmaceuticals is engaging in layoffs at its headquarters in Marlborough, MA. The action will affect 360 employees at Sunovion, with it planning to go into effect on January 13 of next year.
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.