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Passage Bio is cutting 13% workforce
Employment Philadelphia, Employment USAPassage Bio has announced to reduce their headcount by 13%. Moreover, they will also cut their funding to save cash and will prioritize their R&D. Changes in management roles Passage Bio is a Philadelphia-based gene therapy developer. The company has recently decided to cut down 13% of their workforce. This means that between 15-20 employees […]
Gilead will cut 114 jobs in New Jersey
Employment USAGilead Science will let go of 114 employees based at its Morris Plains in New Jersey. However, they have purchased property in Southern California to build more manufacturing space. Underwhelming response after Immunomedics acquisition Gilead Sciences had huge expectations from their $21 billion acquisition of Immunomedics in 2020. In 2020, the market took the acquisition […]
Michigan legislators approved $660 million incentive for GM
Employment USA, Michigan EmploymentMichigan lawmakers have authorized the state funds transfer of $666 million to finalize incentive for general motors. General Motors are setting an electric vehicle plant alongside an electric vehicle battery factory to Michigan. Moreover, the money is for GM to build their plants in the Lansing area. $1 billion Strategic Outreach and Attraction Reserve Fund […]