Mountain View, California-based IGM Biosciences, a develope for antibody medicines for the treatment of autoimmune and inflammatory diseases, has announced a cancellation 2 research projects and a major 73% reduction in its workforce.
The reduction in force will impact 100 employees, including executives, scientists, and support personnel. Separations are scheduled for March 10, 2025. The decision was driven by a crucial clinical study that delivered disappointing results.
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 terrible 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?