Erasca Reveals Reduction In Workforce By ~18%, In Connection With Strategic Reprioritization, Primarily Affecting Employees Working In Drug Discovery Functions Or On Deprioritized Programs - Filing
Portfolio Pulse from Benzinga Newsdesk
Erasca has announced a reduction in its workforce by approximately 18% as part of a strategic reprioritization. The layoffs primarily affect employees working in drug discovery functions or on deprioritized programs.
May 16, 2024 | 8:29 pm
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Erasca has announced a workforce reduction of about 18%, primarily affecting employees in drug discovery roles or on deprioritized programs. This move is part of a strategic reprioritization.
The reduction in workforce indicates potential cost-cutting measures and a shift in strategic focus, which may lead to short-term negative sentiment among investors. The impact on drug discovery functions could also raise concerns about the company's future pipeline.
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