JUNE 1, 2022 — 72 EMPLOYEE LAYOFFS IN HUNTSVILLE, ALABAMA
The company has announced 72 layoffs in Huntsville, Alabama with separations scheduled for June 26, 2022.
MAY 12, 2022 — Original post…
San Francisco, California-based Nektar Therapeutics, a biopharmaceutical using its proprietary process to develop drugs, has announced its plans to reduce operating expenses after the failure of its cancer drug partnership with Bristol Myers Squibb.
The cost-cutting initiative will impact 70% of the company's workforce or approximately 500 employees.
According to Nektar's CEO, Howard Robin, he was “shocked and devastated” by the latest drug trial in combination with a Bristol Myers Squibb drug. “This new strategic plan refocuses our entire company around specific and prudent investments into our most important pipeline programs, NKTR-358, NKTR-255 and preclinical candidates, each of which we believe presents an opportunity to create significant value for our shareholders."
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?