US Edition10x Eliminates 8% of Workforce in $50M Cost-Cutting Effort
Summary by GEN - Genetic Engineering and Biotechnology News…
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10x Eliminates 8% of Workforce in $50M Cost-Cutting Effort
10x Genomics says it eliminated 8% of its workforce—about 100 jobs—as part of a company effort to cut $50 million in costs and better reflect strategic priorities that include addressing the uncertain financial climate raised by federal cuts in research funding to its majority of customers in academia. Speaking with GEN Edge this week, 10x co-founder and CEO Serge Saxonov, PhD, said the job cuts were made across its workforce, which totaled 1,30…
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