Exact Sciences announces around 230 layoffs, including in Wisconsin

MADISON, Wis. (WMTV) – Actual Sciences introduced round 230 staff, about 50 of whom are primarily based in Wisconsin, have been laid off Tuesday amid excessive inflation and a must prioritize particular packages.

Firm spokesperson Scott Larrivee said Thursday that these layoffs make up round 3% of the corporate’s whole workforce. The corporate employs round 7,000 staff worldwide, half of whom are primarily based in Wisconsin.

Larrivee defined that the corporate has grown quickly over the previous a number of years and has labored to enhance folks’s lives by progressive exams to detect most cancers.

“Nevertheless, headwinds like inflation in addition to a must prioritize the packages that may have the best influence on enhancing most cancers care have resulted in aligning our workforce and assets carefully to our highest influence packages,” Larrivee mentioned.

Staff who have been let go have been provided a severance package deal and different companies, he added.

He additionally mentioned that the corporate at present has an equal variety of open roles and expects to have a web constructive improve to its worker headcount by the top of the yr. Actual Sciences is encouraging its impacted staff members to use for any open choices.

“We’ll do all the things we are able to to assist our impacted teammates with utmost empathy and thoughtfulness,” Larrivee mentioned.

Lab employees and worldwide staff weren’t affected by the layoffs.

Full assertion:

Actual Sciences is dedicated to enhancing the lives of individuals globally by offering progressive exams to assist detect most cancers earlier and inform higher most cancers remedy selections.

Our firm has grown quickly over the previous a number of years, each organically and thru acquisitions, and has made nice strides in attaining this mission.

Nevertheless, headwinds like inflation in addition to a must prioritize the packages that may have the best influence on enhancing most cancers care have resulted in aligning our workforce and assets carefully to our highest influence packages.

We anticipate that this may lead to a small discount of roughly 3% of our international worker base. That mentioned, we have now an equal variety of open roles and in the end count on to have a web constructive improve to worker headcount by the top of this yr.

We’ll do all the things we are able to to assist our impacted teammates with utmost empathy and thoughtfulness. All departing teammates will likely be receiving a complete severance package deal. We’ll encourage all to pursue one of many open positions and Actual Sciences will actively facilitate this course of.

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