Bio-Rad Laboratories is laying off approximately 5% of its workforce, equaling over 350 employees, amidst financial struggles indicated by a $1.84 billion net loss. The layoffs will affect several locations, predominantly within the U.S., including over 100 positions at its Hercules headquarters. The company, known for its diverse biotech products, faces difficulties largely attributed to funding constraints in its markets and low demand from researchers. Severance pay and extended healthcare benefits will be provided to those impacted by the layoffs, highlighting the tough decisions companies make during financially taxing times.
Bio-Rad Laboratories is laying off 5% of its staff, impacting over 350 employees due to ongoing market challenges and a significant financial loss.
The layoffs at Bio-Rad will primarily affect U.S. workers, with severance pay and extended health benefits offered to those losing their jobs.
Collection
[
|
...
]