NOVEMBER 12, 2022 — 350 LAYOFFS IN THE SECOND ROUND
The company has announced the second round of layoffs that will impact 350 employees, including 250 located in Wisconsin.
According to a company spokesperson, “For many years, our company has focused on investing to support rapid growth, both organically and through acquisition, and we have made great strides in achieving this mission."
"The impact of inflation, market volatility, and prioritization of the programs that will have the greatest impact on improving cancer care has resulted in the need to allocate our workforce and resources more closely to our highest priority programs. We’ve also taken steps to simplify our organizational structure to improve communication and operational efficiencies. This will result in a reduction of approximately 5% of our workforce.”
JUNE 2, 2022 — Original post…
Madison, Wisconsin-based Exact Sciences, a biotechnology company specializing in molecular diagnostics for the detection of early-stage cancers, has announced a cost-cutting initiative and a realignment of its workforce.
The reduction in force will impact 230 employees, with approximately 50 based in Wisconsin.
According to a company spokesperson, "Our company has grown rapidly over the past several years, both organically and through acquisitions, and has made great strides in achieving this mission.
However, headwinds like inflation as well as a need to prioritize the programs that will have the greatest impact on improving cancer care have resulted in aligning our workforce and resources closer to our highest-impact programs.
We anticipate that this will result in a small reduction of approximately 3% of our global employee base. We will do everything we can to support our impacted teammates with utmost empathy and thoughtfulness."
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?