Boca Raton, Florida-based TherapeuticsMD, a pharmaceutical company specializing in women's health, has announced the termination of its entire 212 employee workforce, including the company's executive, science, legal, and IT team, by the end of 2022.
The decision appears to be a consequence of a licensing agreement with Mayne Pharma. According to a company spokesperson, “After completing a thorough evaluation of several strategic alternatives, our board of directors concluded that this transaction with Mayne Pharma would create the most value for TherapeuticsMD’s stakeholders.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?