San Francisco, California-based FibroGen, a biopharmaceutical that discovers, and develops medicines for the treatment of anemia, cancer, and fibrotic disease, has announced a restructuring plan to lower operating expenses that will impact approximately 32 percent of its U.S. workforce.
The restructuring will impact 104 employees.
According to a Securities and Exchange Commission filing, "The Company would like to extend its tremendous gratitude to these employees, not only for their contributions to the strong workforce and culture at FibroGen, but to their large part in the progress we have made, and continue to make, in science and the biotechnology industry."
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?