AM I NEXT? NO LOVE AT EXACT SCIENCES (11/12/22)

NOVEMBER 12, 2022 — 350 LAYOFFS IN THE SECOND ROUND

The company has announced the second round of layoffs that will impact 350 employees, including 250 located in Wisconsin.

According to a company spokesperson, “For many years, our company has focused on investing to support rapid growth, both organically and through acquisition, and we have made great strides in achieving this mission."

"The impact of inflation, market volatility, and prioritization of the programs that will have the greatest impact on improving cancer care has resulted in the need to allocate our workforce and resources more closely to our highest priority programs. We’ve also taken steps to simplify our organizational structure to improve communication and operational efficiencies. This will result in a reduction of approximately 5% of our workforce.”

JUNE 2, 2022 — Original post…

Madison, Wisconsin-based Exact Sciences, a biotechnology company specializing in molecular diagnostics for the detection of early-stage cancers, has announced a cost-cutting initiative and a realignment of its workforce.

The reduction in force will impact 230 employees, with approximately 50 based in Wisconsin.

According to a company spokesperson, "Our company has grown rapidly over the past several years, both organically and through acquisitions, and has made great strides in achieving this mission.

However, headwinds like inflation as well as a need to prioritize the programs that will have the greatest impact on improving cancer care have resulted in aligning our workforce and resources closer to our highest-impact programs.

We anticipate that this will result in a small reduction of approximately 3% of our global employee base. We will do everything we can to support our impacted teammates with utmost empathy and thoughtfulness."

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. 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?

AM I NEXT? NO LOVE AT ZYMERGEN (07/26/22)

JULY 26, 2022 — 80 LAYOFFS IN PRE-MERGER MANEUVER

The company announces 80 layoffs in preparation for its merger with Boston, Massachusetts-based Ginkgo Bioworks Holdings, a synthetic biology rival.

According to interim Chairman Jay Flatley, “We are confident that, as part of Ginkgo, Zymergen will be a significant contributor to that future."

Danger ahead — Zymergen has not commented on further layoffs to close or downsize its Emeryville, California headquarters.

NOVEMBER 8, 2021 — Original post…

Emeryville, California-based Zymergen, a biotechnology company specializing in the development of bio-engineered materials and products including genetically engineered microbes that are used for industrial fermentation, has announced a major restructuring that will result in the discontinuance of several product lines including consumer care and electronics film programs.

The restructuring will impact 220 employees commencing with 106 layoffs on November 22, 2021.

According to a company statement, "We have made significant progress on a number of the objectives we laid out in our August update, including a review and focusing of our portfolio, strengthening our Commercial organization, our product development, and launch process, and extending our cash runway. We are pleased with our progress and remain focused on our strategy of pursuing continuous launches of breakthrough products."

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. 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?