business / news / / SFGATE
Biotech company Gilead Sciences is laying off 108 workers from its Redwood City offices.
Gilead Sciences is laying off 108 employees in Redwood City, affecting roles up to vice president.
KEY POINTS
- These layoffs follow Gilead's recent acquisition of Arcellx Inc. for roughly $7.8 billion.
- The job cuts are spread over a lengthy period, from June 2024 through April 2027.
- Similar layoffs are occurring at Gilead's Rockville, Maryland and Oceanside, California locations.
- Twelve senior directors and eleven vice presidents at the Redwood City office are among those laid off.
COMPANIES
Summarized by Newsio from SFGATE. How we summarize →