Waltham, Massachusetts-based ImmunoGen, a biotechnology company specializing in cancer drugs, has announced a significant restructuring which would see 75% of its work force, including high-ranking executives and approximately 220 workers. The company is also taking steps to sell of its drug pipeline of products and to sublease their office space. According to published reports, the cost savings will be used to launch another drug study or to pursue other business opportunities.
The loss of three executives in the coming months; the chief scientific officer,the chief business officer, and the general counsel and secretary, does not bode well for the company.
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?