Farmingdale, New York-based Enzo Biochem, a biotechnology developer of molecular diagnostics, has announced a major reduction in force as a consequence of selling its Long Island clinical research lab to Laboratory Corporation of America Holdings.
The layoff will impact approximately 50% of the company's workforce or 257 employees, with separations scheduled on July 17, 2023.
According to Hamid Erfanian, CEO of Enzo Biochem, “Completion of the sale will position Enzo to assess and execute on further actions to increase shareholder value and advance our global leadership within the life sciences sector. We are very grateful to all our colleagues who have made Enzo Clinical Labs a trusted source for patient care. With proven expertise in clinical laboratory services and products, Labcorp is perfectly positioned to bring these operations to new levels of momentum and success.”
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?