MAY 17, 2025 — ANOTHER 100 EMPLOYEES
The company announced it will reduce its workforce by 8% to save $50 million and align with its priorities. This decision is in response to the uncertain financial environment caused by federal cuts in research funding for many academic customers.
The layoffs will impact 100 employees.
According to co-founder and CEO Serge Saxonov, “We still have a really, really strong foundation for growth in our R&D capacity. We’re still really, really excited about our pipeline and our roadmap, both in terms of the announced products and what we haven’t talked about. We feel really confident in the fundamental capabilities of the company. And our goal here is to really make sure we are navigating through this kind of turbulence the best way we can, so that we emerge that much stronger on the other side of it.”
AUGUST 12, 2022 — Original post…
Pleasanton, California-based 10x Genomics, a biotechnology company that designs and manufactures gene sequencing technology used in scientific research, has laid off approximately 8% of its workforce.
The layoffs will impact 100 employees.
According to co-founder and CEO Serge Saxonov, "We took this action to make us more resilient in the current environment and put us on a path to become a sustainable business. While all teams and locations were affected by yesterday’s actions, there was less impact in R&D and field-based customer-facing roles."
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?