Boston, Massachusetts-based Ginkgo Bioworks, a biotechnology company specializing in cell programming and biosecurity, has announced a restructuring and cost containment plan, including a major 35% reduction in force.
The personnel realignment will impact 400 employees and is expected to be completed in 2025.
CEO Jason Kelly noted that these layoffs are part of Ginkgo’s near-term focus on reaching breakeven. “These are amazing employees who are being let go as part of changes we are making to our technology platform at Ginkgo and a near-term focus on reaching breakeven. We are sad to see them go.”
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?