Layoffs and Shutdowns Hit Biotech Industry in U-Turn

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Layoffs and Shutdowns Hit Biotech Industry in U-Turn
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Tough times have come for once-highflying biotech startups, which have been laying off thousands of workers and shutting down after years of heady growth

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The recent headlines about tech layoffs don’t seem to match broader economic indicators, which show a strong job market and a historically low unemployment rate.

WSJ’s Gunjan Banerji explains the disconnect. Illustration: Ali LarkinFor a decade, the companies flourished, flush with cash, and fueled by excitement over new technologies such as cell therapy,

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Is this the work of economic rationalists?

This will have real life consequences over the next 5-10yrs

Yeah but Joey says things have never been better under his leadership. He just can’t help himself. We should put him in a room with Santos & have a liar contest. It would be a blockbuster media event.

Because you can't earn money from the new crown, right?

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