Tag Archives: workforce

Massachusetts-based vaccine maker Moderna on Thursday announced plans to cut its workforce by approximately 10%. Moderna CEO Stéphane Bancel notified employees of the decision. His memo explained that the company is committed to cutting operating expenses by approximately $1.5 billion by 2027. Bancel said efforts to trim research and development, renegotiate supplier agreements and cut manufacturing costs were insufficient to …

The Moderna Inc. headquarters in Cambridge, Massachusetts, on March 26, 2024. Adam Glanzman | Bloomberg | Getty Images Moderna on Thursday said it plans to slash roughly 10% of its global workforce by the end of the year, as Covid shot sales continue to dwindle and the company grapples with uncertainty in the vaccine market.  In a memo to employees, …

Indian tech company TCS to cut workforce by 2%, affecting more than 12,000 jobs  ReutersView Full Coverage on Google News Source link

Intel provided more detail about the scope of its planned job cuts and other business changes while sharing its second-quarter earnings results. Reports in April suggested that Intel could eliminate around 20 percent of its staff in a restructuring plan. Today, the chipmaker said it anticipates having a core workforce of 75,000 employees by the end of 2025. It’s a …

USDA will relocate most of its D.C.-based workforce  The Washington Post USDA to relocate more than half of D.C. area employees under reorganization plan  Federal News Network Outcry as US agriculture department to cut salaries and relocate staff  The Guardian USDA to relocate thousands of staff outside Washington, consolidate dozens of offices  Government Executive USDA’s D.C. shutdown could hurt rural America amid SNAP cuts, …

By Arsheeya Bajwa, Stephen Nellis and Max A. Cherney (Reuters) -Intel said on Thursday it plans to slash its headcount to 75,000 by the end of this year, down from 99,500 at the end of 2024 and laid out a blueprint of a more streamlined chip manufacturer. Shares of Intel jumped roughly 2% in extended trading. The Santa Clara, California-based …

Co-development services specialist Virtuos has confirmed rumours that it’s making hundreds of layoffs across its workforce, with around 200 roles in Asia and 70 in Europe affected. This amounts to approximately 7% of its global headcount. In a statement, the company said it’s “evolving to meet the needs of [its] partners and the industry”, saying it’s “realigning [its] global footprint …

Adam Feuerstein is a senior writer and biotech columnist, reporting on the crossroads of drug development, business, Wall Street, and biotechnology. He is also a co-host of the weekly biotech podcast The Readout Loud and author of the newsletter Adam’s Biotech Scorecard. You can reach Adam on Signal at stataf.54. Sarepta Therapeutics laid off more than one-third of its workforce, …

A top State Department official who oversaw widespread layoffs last week is defending the personnel cuts, telling lawmakers these decisions will produce a “higher quality” workforce to carry out the Trump administration’s foreign policy agenda. Michael Rigas, the deputy secretary of state for management and resources, told the House Foreign Affairs Committee that terminating more than 1,350 employees last Friday …