layoffs Archives - MedCity News https://medcitynews.com/tag/layoffs/ Healthcare technology news, life science current events Tue, 29 Aug 2023 22:51:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.1 https://medcitynews.com/uploads/2021/03/cropped-mblue-32x32.png layoffs Archives - MedCity News https://medcitynews.com/tag/layoffs/ 32 32 40682243 Apellis Lays Off 25% of Staff and Turns Focus to Commercializing New Eye Drug https://medcitynews.com/2023/08/apellis-pharmaceuticals-layoffs-restructuring-syfovre/ https://medcitynews.com/2023/08/apellis-pharmaceuticals-layoffs-restructuring-syfovre/#respond Tue, 29 Aug 2023 22:51:34 +0000 https://medcitynews.com/?p=647016

The Apellis Pharmaceuticals restructuring will save up to $300 million. It comes as the biotech continues its inquiry into the cause of a rare inflammatory complication reported in a small number of patients who received its geographic atrophy drug, Syfovre.

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Healthcare Moves: A Monthly Summary of Hires and Layoffs https://medcitynews.com/2023/08/healthcare-executive-hire-layoffs/ https://medcitynews.com/2023/08/healthcare-executive-hire-layoffs/#respond Tue, 29 Aug 2023 01:22:38 +0000 https://medcitynews.com/?p=646818

Here is a selection of recent executive hires, promotions and layoffs occurring across the healthcare industry.

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MedCity Moves Podcast: Recent Hires, Layoffs & an Interview with Andrew Trister, Chief Scientific Officer at Verily https://medcitynews.com/2023/08/verily-technology-healthcare-executive-layoffs/ https://medcitynews.com/2023/08/verily-technology-healthcare-executive-layoffs/#respond Mon, 28 Aug 2023 21:05:09 +0000 https://medcitynews.com/?p=646716

For the August episode, we discuss some recent executive appointments occurring in the healthcare sector, as well as layoffs affecting the industry. We also hear from Andrew Trister, who just became Verily’s chief scientific officer.

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MedCity Moves Podcast: Recent Hires, Layoffs & an Interview with Leslie Orne, CEO of Trinity Life Sciences https://medcitynews.com/2023/07/medcity-moves-podcast-recent-hires-layoffs-an-interview-with-leslie-orne-ceo-of-trinity-life-sciences/ https://medcitynews.com/2023/07/medcity-moves-podcast-recent-hires-layoffs-an-interview-with-leslie-orne-ceo-of-trinity-life-sciences/#respond Sun, 30 Jul 2023 14:00:16 +0000 https://medcitynews.com/?p=643101

In this month’s episode, we dive into some recent executive appointments occurring in the healthcare world, as well as layoffs affecting the industry. We also hear from Leslie Orne, who recently became the new CEO of Trinity Life Sciences, which provides consulting services and technology solutions to life sciences firms looking to commercialize their product.

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Amarin Restructures, Charting Course That Braces for Generic Competition https://medcitynews.com/2023/07/amarin-restructures-charting-course-that-braces-for-generic-competition/ https://medcitynews.com/2023/07/amarin-restructures-charting-course-that-braces-for-generic-competition/#respond Wed, 19 Jul 2023 18:05:45 +0000 https://medcitynews.com/?p=642069 heart, doctor, cardiac

The restructuring of cardiovascular drugmaker Amarin means the layoff of about 30% of staff. Sales of Vascepa, the company’s only commercialized product, have suffered as generic versions gain traction in the market.

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MedCity Moves Podcast: Recent Hires, Layoffs & an Interview with Danny Sanchez, CEO of EmpiRx Health https://medcitynews.com/2023/06/medcity-moves-podcast-pbm-empirx/ https://medcitynews.com/2023/06/medcity-moves-podcast-pbm-empirx/#respond Tue, 27 Jun 2023 18:53:01 +0000 https://medcitynews.com/?p=639639

In this month’s episode, we dive into some of the recent executive appointments occurring in the healthcare sector, as well as layoffs affecting the industry. We also hear from Danny Sanchez, who recently became the new CEO of EmpiRx Health, a value-based pharmacy benefit manager.

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Healthcare Moves: A Monthly Summary of Hires and Layoffs https://medcitynews.com/2023/05/healthcare-layoffs-executive-hires/ https://medcitynews.com/2023/05/healthcare-layoffs-executive-hires/#respond Wed, 31 May 2023 23:04:50 +0000 https://medcitynews.com/?p=636568

Here is a selection of recent executive hires, exits, promotions and layoffs occurring across the healthcare industry.

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MedCity Moves Podcast: Recent Hires, Layoffs & an Interview with Lara Khouri, COO of Children’s Hospital Los Angeles https://medcitynews.com/2023/05/layoffs-executives-healthcare/ https://medcitynews.com/2023/05/layoffs-executives-healthcare/#respond Wed, 31 May 2023 20:42:52 +0000 https://medcitynews.com/?p=636505

In this month’s episode, we dive into some of the recent executive appointments occurring in the healthcare sector, as well as layoffs affecting the industry. We also hear from Lara Khouri, the new COO of Children’s Hospital Los Angeles, about her passion for pediatric healthcare.

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With Halo Shutdown, Amazon Has Now Closed 3 of Its Healthcare Divisions Since 2021 https://medcitynews.com/2023/04/with-halo-shutdown-amazon-has-now-closed-3-of-its-healthcare-divisions-since-2021/ https://medcitynews.com/2023/04/with-halo-shutdown-amazon-has-now-closed-3-of-its-healthcare-divisions-since-2021/#respond Fri, 28 Apr 2023 19:34:55 +0000 https://medcitynews.com/?p=632955

Amazon recently announced that it is shuttering its Halo division, a line of wearable health and fitness devices. This marks the third time in about two years that the e-commerce giant has closed one its healthcare businesses — Amazon Care failed last year, and Haven failed in 2021.

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Healthcare Moves: A Monthly Summary of Hires and Layoffs https://medcitynews.com/2023/04/healthcare-moves-a-monthly-summary-of-hires-and-layoffs-2/ https://medcitynews.com/2023/04/healthcare-moves-a-monthly-summary-of-hires-and-layoffs-2/#respond Sun, 16 Apr 2023 13:19:17 +0000 https://medcitynews.com/?p=631350

Here is a selection of recent executive hires, promotions and layoffs occurring across the healthcare industry.

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MedCity Moves Podcast: Recent Hires, Layoffs & an Interview with Dr. Rob Fields, Beth Israel Lahey Health’s New Chief Clinical Officer https://medcitynews.com/2023/04/medcity-moves-podcast-recent-hires-layoffs-an-interview-with-dr-rob-fields-beth-israel-lahey-healths-new-chief-clinical-officer/ https://medcitynews.com/2023/04/medcity-moves-podcast-recent-hires-layoffs-an-interview-with-dr-rob-fields-beth-israel-lahey-healths-new-chief-clinical-officer/#respond Sun, 16 Apr 2023 13:09:53 +0000 https://medcitynews.com/?p=631269

In this month’s episode, we dive into some of the recent executive appointments occurring in the healthcare sector, as well as layoffs affecting the industry. We also hear from Dr. Rob Fields, who recently switched from his role as chief population health officer at Mount Sinai to chief clinical officer at Beth Israel Lahey Health.

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Healthcare Moves: A Monthly Summary of Hires and Layoffs https://medcitynews.com/2023/03/healthcare-moves-a-monthly-summary-of-hires-and-layoffs/ https://medcitynews.com/2023/03/healthcare-moves-a-monthly-summary-of-hires-and-layoffs/#respond Mon, 20 Mar 2023 22:36:50 +0000 https://medcitynews.com/?p=628170

Here is a selection of recent executive hires, promotions and layoffs occurring across the healthcare industry.

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MedCity Moves Podcast: Recent Hires, Layoffs & an Interview with Tom Richards, Transcarent’s New EVP of Business Development https://medcitynews.com/2023/03/medcity-moves-podcast-recent-hires-layoffs-an-interview-with-tom-richards-transcarents-new-evp-of-business-development/ https://medcitynews.com/2023/03/medcity-moves-podcast-recent-hires-layoffs-an-interview-with-tom-richards-transcarents-new-evp-of-business-development/#respond Mon, 20 Mar 2023 21:28:42 +0000 https://medcitynews.com/?p=628107

In this month’s episode, we dive into some of the recent executive appointments occurring in the healthcare sector, as well as layoffs affecting the industry. We also hear from Tom Richards, who recently became the new executive vice president of business development at Transcarent after spending more than 35 years at Cigna.

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‘Challenging Market’ Leads MorphoSys to Cut Preclinical R&D, Turn Focus to Cancer https://medcitynews.com/2023/03/challenging-market-leads-morphosys-to-cut-preclinical-rd-turn-focus-to-cancer/ https://medcitynews.com/2023/03/challenging-market-leads-morphosys-to-cut-preclinical-rd-turn-focus-to-cancer/#respond Thu, 02 Mar 2023 17:18:23 +0000 https://medcitynews.com/?p=625921

MorphoSys’s emphasis on its clinical-stage cancer programs puts the spotlight on a myelofibrosis drug candidate from its 2021 acquisition of Constellation Pharmaceuticals. That small molecule could compete against drug candidates from GSK and Merck.

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Cell Therapy Biotech Talaris Ends Two Kidney Transplant Trials, Restructures https://medcitynews.com/2023/02/cell-therapy-biotech-talaris-ends-two-kidney-transplant-trials-restructures/ https://medcitynews.com/2023/02/cell-therapy-biotech-talaris-ends-two-kidney-transplant-trials-restructures/#respond Thu, 16 Feb 2023 18:44:51 +0000 https://medcitynews.com/?p=624472

While Talaris Therapeutics is ending two clinical tests of its cell therapy in kidney transplant patients, a third study in the autoimmune condition scleroderma is continuing. Meanwhile, the biotech’s restructuring plan is pursuing “strategic alternatives” that could include a merger or sale.

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Blood Biotech Grifols Cuts Deep in the U.S. to Find €400M in Savings https://medcitynews.com/2023/02/blood-biotech-grifols-cuts-deep-in-the-u-s-to-find-e400m-in-savings/ https://medcitynews.com/2023/02/blood-biotech-grifols-cuts-deep-in-the-u-s-to-find-e400m-in-savings/#respond Thu, 16 Feb 2023 00:24:55 +0000 https://medcitynews.com/?p=624427

Grifols said the layoffs sparked by its restructuring represent just 8% of its workforce. But the cuts will happen mainly in the Barcelona-based company’s U.S. plasma operations, source of most of the plasma that is the basis for its biologic medicines.

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Healthcare Moves: A Monthly Summary of Hires and Layoffs https://medcitynews.com/2023/02/the-latest-in-healthcares-corporate-ladder/ https://medcitynews.com/2023/02/the-latest-in-healthcares-corporate-ladder/#respond Sun, 12 Feb 2023 15:19:18 +0000 https://medcitynews.com/?p=623785

Here is a selection of recent executive hires, departures and layoffs occurring across the healthcare industry.

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Introducing MedCity Moves, a New Podcast on Healthcare’s Corporate Ladder https://medcitynews.com/2023/02/introducing-medcity-moves-a-new-podcast-on-healthcares-corporate-ladder/ https://medcitynews.com/2023/02/introducing-medcity-moves-a-new-podcast-on-healthcares-corporate-ladder/#respond Thu, 09 Feb 2023 23:13:48 +0000 https://medcitynews.com/?p=623644

MedCity News is launching a new podcast called MedCity Moves focusing on healthcare’s corporate ladder. Published monthly, episodes will provide a summary of notable executive appointments and layoff news — as well as an interview with a recently-appointed healthcare leader or anyone that is experiencing a shift in their job.

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Rubius’s New Cell Therapy Strategy Runs Out of Time & Money; Workforce Is Cut by 82% https://medcitynews.com/2022/11/rubiuss-new-cell-therapy-strategy-runs-out-of-time-money-workforce-is-cut-by-82/ https://medcitynews.com/2022/11/rubiuss-new-cell-therapy-strategy-runs-out-of-time-money-workforce-is-cut-by-82/#respond Wed, 02 Nov 2022 23:17:47 +0000 https://medcitynews.com/?p=611758

Rubius Therapeutics was unable to secure financing to carry out its pivot to a new manufacturing process for its red blood cell-based cell therapies. The once high-flying biotech is now exploring options that could include a sale of the business or a merger with another company.

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Microbiome biotech Kaleido Biosciences shutters amid cash crunch, drug setbacks https://medcitynews.com/2022/04/microbiome-biotech-kaleido-biosciences-shutters-amid-cash-crunch-drug-setbacks/ https://medcitynews.com/2022/04/microbiome-biotech-kaleido-biosciences-shutters-amid-cash-crunch-drug-setbacks/#respond Sun, 10 Apr 2022 13:01:34 +0000 https://medcitynews.com/?p=581817 Sorry We are CLOSED sign on storefront

Kaleido Biosciences, formed by Flagship Pioneering as part of a wave of biotech companies developing microbiome therapies, has laid off its entire workforce and is winding down operations. The shutdown follows a strategic review that failed to turn up any deals to support its clinical-stage pipeline.

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Zosano Pharma cuts staff 31%, the latest layoffs in a wave of biotech belt-tightening https://medcitynews.com/2022/03/zosano-pharma-cuts-staff-31-the-latest-layoffs-in-a-wave-of-biotech-belt-tightening/ https://medcitynews.com/2022/03/zosano-pharma-cuts-staff-31-the-latest-layoffs-in-a-wave-of-biotech-belt-tightening/#respond Fri, 18 Mar 2022 16:58:17 +0000 https://medcitynews.com/?p=578151

Regulatory setbacks for a new migraine treatment have led Zosano Pharma to restructure, laying off about 31% of its staff. Zosano is one of several biotechs that announced cost-saving measures this week.

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Cash woes at neuro biotech Yumanity lead to 60% staff cut and search for a buyer https://medcitynews.com/2022/02/cash-woes-at-neuro-biotech-yumanity-lead-to-60-staff-cut-and-search-for-a-buyer/ https://medcitynews.com/2022/02/cash-woes-at-neuro-biotech-yumanity-lead-to-60-staff-cut-and-search-for-a-buyer/#respond Thu, 17 Feb 2022 21:38:21 +0000 https://medcitynews.com/?p=572101 Neurons

Yumanity’s corporate restructuring means the biotech is now exploring “strategic alternatives” that could include a sale of the company or its assets. The biotech’s lead drug candidate is an experimental Parkinson’s disease drug currently in Phase 1 testing.

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After Phase 3 failure busts blockbuster bid, Deciphera restructures; staff slashed 35% https://medcitynews.com/2021/11/after-phase-3-failure-busts-blockbuster-bid-deciphera-restructures-staff-slashed-35/ https://medcitynews.com/2021/11/after-phase-3-failure-busts-blockbuster-bid-deciphera-restructures-staff-slashed-35/#respond Tue, 30 Nov 2021 18:06:59 +0000 https://medcitynews.com/?p=560390

Deciphera Pharmaceuticals’ corporate restructuring will slash headcount by 35% and stop work on two drug programs. Going forward, the biotech said it will focus on developing drugs that have the potential to be the first or the best in their therapeutic classes.

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Survey: Nearly half of medical practices have furloughed workers https://medcitynews.com/2020/04/survey-nearly-half-of-medical-practices-have-furloughed-workers/ https://medcitynews.com/2020/04/survey-nearly-half-of-medical-practices-have-furloughed-workers/#respond Tue, 14 Apr 2020 19:18:30 +0000 https://medcitynews.com/?p=485630

A survey by MGMA revealed that 48% of medical practices have experienced furloughs, and 22% have experienced layoffs as a result of Covid-19. Those numbers are expected to increase in May if conditions continue for the next month.

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Faced with slowing demand, 23andMe cuts 100 employees https://medcitynews.com/2020/01/faced-with-slowing-demand-23andme-cuts-100-employee/ https://medcitynews.com/2020/01/faced-with-slowing-demand-23andme-cuts-100-employee/#respond Fri, 24 Jan 2020 01:16:30 +0000 https://medcitynews.com/?p=478028

The DNA testing company confirmed on Thursday that it would lay off about 100 employees. The restructuring was a result of slowing consumer demand.

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Athenahealth lays off employees after sale to Veritas Capital and Elliott Management https://medcitynews.com/2019/04/athenahealth-layoffs/ https://medcitynews.com/2019/04/athenahealth-layoffs/#respond Thu, 25 Apr 2019 17:24:44 +0000 https://medcitynews.com/?p=456692

A source familiar with the situation told MedCity that less than 4 percent of the company’s total corporate workforce across all offices was let go.

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IBM confirms layoffs impacted its Watson Health division https://medcitynews.com/2018/06/ibm-layoffs/ https://medcitynews.com/2018/06/ibm-layoffs/#respond Mon, 04 Jun 2018 19:57:18 +0000 https://medcitynews.com/?p=442601

Spokesman Doug Shelton verified that IBM’s recent round of layoffs hit its Watson Health unit, but he did not specify how many individuals lost their jobs, according to The Herald Sun.

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Peter Thiel-backed carrier screening upstart Counsyl lays off 27 employees https://medcitynews.com/2016/04/counsyl/ https://medcitynews.com/2016/04/counsyl/#respond Fri, 08 Apr 2016 21:41:58 +0000 https://medcitynews.com/?p=371757

Counsyl’s layoffs are in sales support, marketing, design and engineering.

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Caught in a bind, some its own doing, some not, St. Jude Medical cuts another 500 workers https://medcitynews.com/2012/11/caught-in-a-bind-some-of-its-own-doing-some-not-st-jude-medical-cuts-another-500-workers/ https://medcitynews.com/2012/11/caught-in-a-bind-some-of-its-own-doing-some-not-st-jude-medical-cuts-another-500-workers/#comments Fri, 02 Nov 2012 16:44:47 +0000 https://medcitynews.com/?p=165554 What do you do when the biggest market you play in continues to be weak, […]

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