Workforce reduction refers to the process of decreasing the number of employees in an organization, often due to financial constraints, restructuring, or strategic shifts. This can occur through various methods, including layoffs, voluntary separations, and attrition. Workforce reduction aims to improve operational efficiency and cost-effectiveness, but it can also lead to decreased employee morale and productivity, as well as potential legal and reputational consequences for the organization.
Thermo Fisher Scientific will lay off 300 employees by March 30 across Cambridge and Plainville. The layoffs come despite a reported 5% revenue increase for the fourth quarter of 2024.…
Restructuring Within Biogen's Research Division In a strategic shift following a challenging year, Biogen’s newly appointed research leader, Jane Grogan, Ph.D., is implementing significant adjustments to the company's research team.…