Relay cuts more staff in efforts to save $50M a year

Precision medicine biotech Relay Therapeutics is shedding about 10% of its workforce in efforts to streamline the organization.

About 30 people will be impacted by the workforce reduction, a Relay spokesperson told Fierce Biotech in an emailed statement Oct. 3. The cuts follow a prior round of layoffs in July that included less than 5% of employees at the biotech, which staffed around 300 people at the time.