San Rafael, California-based BioMarin Pharmaceutical, a biotechnology company specializing in enzyme replacement therapies and the treatment of rare diseases has announced a major reduction in force as part of their cost containment initiative.
The workforce reduction will impact 120 employees by the end of 2022.
According to CEO Jean-Jacques Bienaimé, “We want to recognize everyone impacted by this initiative for their contributions on behalf of the patients we serve. Change is necessary to fulfill our commitment to operating the business in the best interest of our patients, shareholders, and other stakeholders. This requires that our organization is the right size, has the right structure and has the right focus to operate with maximum effectiveness and efficiency."
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 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?