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Biotech layoff pick back up as 14 companies cut 745 jobs in Q1

2026-04-14 21:33:05

Abstract generation in progress

In the first quarter of 2026, 14 biotech companies announced layoffs, resulting in 745 job cuts. This number marks an increase from the previous quarter, which saw 476 workers lose their jobs. Companies such as Tessera, Vertex, and Takeda were among those implementing cuts.

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