South San Francisco, California-based Atara Biotherapeutics, a bioltechnology company specializing in allogeneic T-cell immunotherapy for developing therapies for patients with serious diseases including solid tumors, hematologic cancers and autoimmune diseases, has announced a cost reduction intitive leading to a reduction in its workforce.
The reduction, scheduled for October 7, 2022, will impact 77 employees, with 14 located in San Francisco, California and the remainder in Thousand Oaks, California.
A company spokesperson noted, "the company plans to focus its activities as a leaner organization centered on R&D to further advance our innovative therapies, while reducing cash burn, to position us for success in reaching critical value-generating milestones for our key pipeline assets. This included the difficult decision of reducing staff by 20% to enable us to continue to develop our transformative therapies so they can benefit patients."
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?