2seventy bio Plans Restructuring; Reports Elimination Of 176 Roles, Representing Approximately 40% Of Its Workforce
Portfolio Pulse from Benzinga Newsdesk
2seventy bio has announced a restructuring plan that will result in the elimination of 176 roles, representing approximately 40% of its workforce. The company has not provided details on the expected financial impact of this decision.
September 12, 2023 | 11:17 am
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2seventy bio's restructuring plan, which includes a significant reduction in workforce, may impact its operational efficiency and financial performance in the short term.
The elimination of 40% of 2seventy bio's workforce could potentially disrupt its operations and impact its financial performance. However, the exact financial impact is yet to be disclosed by the company.
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