AM I NEXT? NO LOVE AT THERAPEUTICSMD

Boca Raton, Florida-based TherapeuticsMD, a pharmaceutical company specializing in women's health, has announced the termination of its entire 212 employee workforce, including the company's executive, science, legal, and IT team, by the end of 2022.

The decision appears to be a consequence of a licensing agreement with Mayne Pharma. According to a company spokesperson, “After completing a thorough evaluation of several strategic alternatives, our board of directors concluded that this transaction with Mayne Pharma would create the most value for TherapeuticsMD’s stakeholders.”

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?

AM I NEXT? NO LOVE AT SUNOVION PHARMACEUTICALS

Marlborough, Massachusetts-based Sunovion Pharmaceuticals, a subsidiary of Sumitomo Pharma, specializing in the discovery, development, and commercialization of psychiatric and neurological therapies, has announced a reduction in force.

The reduction in force will impact 360 employees at Sumitomo Pharma’s Marlborough facility and is scheduled to occur on January 13, 2023.

According to a company spokesperson, “The adaptation of our workforce is designed to reflect both the external healthcare landscape and Sunovion’s evolving commercial portfolio. We continue to deploy our talent and resources to best meet the needs of customers, patients, and our organization."

“Employees and field staff who report to managers in Massachusetts and managers located across the country were included in the reductions in force. Sunovion continues to have a strong presence in the U.S. market and remains committed to our global headquarters location in Marlborough, Massachusetts.”

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?

AM I NEXT? NO LOVE AT CEPHEID (08/06/24)

AUGUST 6, 2024 — 635 IN SUNNYVALE AND SANTA CLARA, AND FREEMONT

According to a Cepheid spokesperson, “The company is consolidating all of its test cartridge manufacturing in the United States to its campus in Lodi, California.”

Impacted employees, including 450 manufacturing associates, will be laid off at several Bay area locations, including Sunnyvale headquarters, Santa Clara, and Freemont.

Separations are expected around the end of September 2024.

NOVEMBER 18, 2022 — Original post…

Sunnyvale, California-based Cepheid, a molecular diagnostics company developing systems to automate traditional nucleic acid tests to identify and analyze pathogens and genetic disorders, has announced major organizational changes. The changes include closing a plant in Newark, California, and implementing layoffs at its Sunnyvale headquarters and at another plant in Lodi, California.

The reduction in force will impact over 1,061 employees, including 683 employees at the closing Newark facility, 287 employees at Cepheid's Sunnyvale headquarters (including remote workers), 63 employees at another Newark facility, and 28 employees at the Lodi facility.

According to a spokesperson, The company is monitoring its capacity to match it with pandemic demand, including its non-Covid-testing business. "We're able to adjust the capacity up and downwards, both in terms of units of capacity but also costs, so that is a relatively flexible lever for us, and we'll continue to adjust that lever up or down, both from a capacity perspective as well as a cost perspective.

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?