The Broad Institute is laying off 75 employees, which constitutes less than 4% of its workforce. The layoffs primarily affect administrative roles. To cope with anticipated federal medical research funding cuts, the institute is tightening its budget, reducing planned event spending, modestly changing benefits, and forgoing annual wage increases for higher earners. Professional outplacement services will be provided to those affected. Similar institutions, including Boston University and Harvard, are also experiencing financial difficulties and implementing layoffs or hiring freezes.
The Broad Institute—a biomedical research center affiliated with MIT and Harvard—is laying off 75 employees and tightening its budget, facing expected cuts to federal medical research funding.
We approached this process with utmost concern for those affected,
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