Biotech layoffs gather pace as industry downturn persists

Biotech layoffs gather pace as industry downturn persists

Source: 
BioPharma Dive
snippet: 

At least five dozen biotechnology companies have laid off employees so far this year in a sector-wide contraction that has reached large and small drugmakers alike.

Brought on by enduring funding challenges, the consolidation has resulted in roughly 3,200 biotech employees losing their jobs between Jan. 1 and early April, according to data collected by BioPharma Dive.