Fierce Biotech August 5, 2024
Testmaker Cepheid plans to eliminate 626 staff positions at its Sunnyvale, California headquarters by September 27, according to a regulatory filing.
The bulk of the layoffs impact manufacturing associates and staff in material handling, according to a Worker Adjustment and Retraining Notification (WARN) report filed with the state of California on July 31. The cuts also impact some senior management roles and engineering positions.
The layoffs impact approximately 13% of the molecular diagnostics company’s 4,800 employees.
Part of the Danaher Corporation, Cepheid develops and manufactures molecular systems and tests. The company developed the GeneXpert system, a modular and scalable system that provides all the lab processes needed for diagnostics through a small cartridge. Lab technicians can feed the cartridge into...
Today's Sponsors
Today's Sponsor