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factory
Absci
corporate_fare
Healthcare
where_to_vote
Vancouver,
paid
Funding Stage - IPO
person
Layoff Count - 40

Posted on August 13, 2022

Vancouver biotech firm Absci lays off workers amid economic uncertainty

Vancouver biotech firm Absci lays off workers amid economic uncertainty

“By focusing our resources, we are positioning ourselves to better enable the creation of next-generation medicines,” McClain wrote. “While this does not make the decisions any easier, we know that disciplined and strategic prioritization puts us in a better position to be successful.”

Absci didn’t disclose how many workers lost their jobs, but employees said the total numbered around 40. The company had more than 200 employees at the end of 2021 and had been hiring rapidly in the early part of this year.