Menlo Park, California-based Synthego, a bioltechnology company specializing in providing engineered cell libraries to researchers, has announced a 20% reduction in its workforce.
The reduction in force will impact 105 employees.
According to a company spokesperson, "After a comprehensive review of our business, we have made a number of difficult but necessary organizational changes to best position the company for long-term success in the current environment."
"We sincerely regret the impact that this has on our employees and their families and owe them a debt of gratitude for their valuable contributions to the company. We are confident that the changes we have made will put us in a position to both navigate the difficult environment in the near term and continue to enable vital clinical research and development that advances accessible cell and gene therapies."
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?