Watertown, Massachusetts-based Tome Biosciences, a biotechnology startup specializing in genetic medicine startup, is closing its Watertown facility and eliminating all employees while exploring its “strategic options,” corporate-speak for selling its intellectual property and other assets.
The layoff will impact 131 employees, including the Chief Scientific Officer, commencing on November 1, 2024.
According to CEO Rahul Kakkar. “Despite our clear scientific progress, investor sentiment has shifted dramatically across the gene editing space, particularly for preclinical companies.”
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. While many employees can read the writing on the wall; why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?