Company Layoffs In 2024. Now we are hitting the covid tech bust as tech giants shed jobs by the. The layoffs will allow the company to extend its cash runway “to achieve key inflection points while alleviating capital raise pressures, particularly given the persistent uncertainties and.

In april, a company representative confirmed to biospace it would reduce its workforce by about 3% across. The cuts are part of the company’s global productivity initiative and are expected to take place over the first half of the year under incoming ceo michelle gass.