https://www.reuters.com/business/he...s/novavax-cut-12-global-workforce-2024-01-31/
Vaccine maker Novavax said on Wednesday it will reduce its total global workforce by about 12% as part of its ongoing efforts to reduce costs.
The company said the job cuts would impact both full-time employees and contractors
.
Once completed, Novavax's workforce would be about 30% lower compared to its workforce at the end of the first quarter of 2023.
The vaccine maker had 1,992 full-time employees as of Feb. 21, 2023, according to the latest annual regulatory filing.
Vaccine maker Novavax said on Wednesday it will reduce its total global workforce by about 12% as part of its ongoing efforts to reduce costs.
The company said the job cuts would impact both full-time employees and contractors
.
Once completed, Novavax's workforce would be about 30% lower compared to its workforce at the end of the first quarter of 2023.
The vaccine maker had 1,992 full-time employees as of Feb. 21, 2023, according to the latest annual regulatory filing.