AM I NEXT? NO LOVE AT BEAM THERAPEUTICS

Cambridge, Massachusetts-based Beam Therapeutics, a biotechnology company conducting research in the field of gene therapies and genome editing, has announced a restructuring that will pause some research projects and attempt to locate joint venture partners for some of its drug development programs. Additionally, there will be a 20% reduction in the company's workforce.

The reduction in force will impact approximately 100 employees.

According to Beam CEO John Evans, “Our team has done an exceptional job creating diversified programs and technologies with the goal of helping as many patients as possible. Nonetheless, in these challenging financial markets, we have to make hard choices about where we focus our limited resources.”

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 ALIGN TECHNOLOGY

Tempe, Arizona-based Align Technology, a manufacturer of 3D digital scanners and Invisalign clear orthodontic aligners, has announced a major reduction in force.

Approximately 200 employees will be targeted for layoffs.

It appears that the company is further embracing outsourcing as its aligners are manufactured in Juarez, Mexico, scanners in Israel and China, and some customer service jobs are being offshored to Costa Rica.

According to a company statement, "As part of our regular annual planning process, we have identified a small number of positions in multiple locations that will be eliminated or transferred to other locations. We do not have plans for organizational-wide layoffs at this time. Beyond that, we have no further comment."

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 NOMAD HEALTH

New York City, New York-based Nomad Health, an online marketplace that directly connects physicians, nurses, and medical facilities to healthcare jobs, has announced a second reduction in its nonclinical workforce to realign personnel with marketplace conditions.

The reduction will impact 25% of the workforce, or approximately 145 employees. This follows a previous 17% reduction, or 119 employees, in February 2023.

According to a company spokesperson, "While demand for contract nurses and allied health professionals remains high, healthcare organizations are grappling with budget shortfalls, which directly impact their immediate staffing demands. The reduction was a necessary but painful response to those changing demands."

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?