Update: Takeda Cuts Jobs in California Following Massachusetts Layoffs
BIOMARKER
1. Takeda plans to lay off 27 employees in its San Diego location in California.
2. The job cuts are expected to take effect on March 31, 2024.
3. This announcement comes two weeks after Takeda's plans to lay off over 180 employees in Massachusetts.
4. The California layoffs are directly related to Takeda's decision to discontinue discovery and pre-clinical efforts in AAV gene therapy and rare hematology.
5. The cuts in California are part of the larger restructuring efforts at Takeda.
6. The layoffs in Massachusetts will affect employees in Cambridge, Lexington, and North Reading.
7. Up to 138 jobs will be cut from Takeda Development Centers America, and 48 jobs will be cut from Takeda Shire Human Genetic Therapies, Inc. (SHGT).
8. The Massachusetts layoffs will begin in early July and conclude before the end of the year.
9. The job cuts are not part of a broader companywide reduction, but rather an effort to align with Takeda's current and future priorities.
10. Takeda is committed to supporting affected employees during this time by providing transition resources and assistance in finding other opportunities within the company.