(Kron)-The Bay Biotech Startup will lead to a good reduction in 100 jobs. Arsenal Biosciences, based in southern San Francisco, has announced the demobilization of workers in the notice of workers ’amendment and re -training on the recruitment management site.
Workers’ layoffs, all of which are at the startup headquarters on Oyster Point Street, and will be valid on November 14. All workers’ layoffs indicate.
According to its LinkedIn page, the Arsenal BiSciences has between 201 and 500 employees. A report in the post of biotechnology industry Fierce technology It indicates that workers’ demobilization reaches 50 % of the company’s employees. The hairstyles come a year after the Biological science tie in Arsenal 325 million dollars in series financing C.
Calculate LinkedInThe Arsenal Biosciences “focuses” a treatment company for programming cells on a clinical stage that focuses on achieving the treatment of solid tumor cells to defeat cancer. “
A spokesman for the startup company told Fierce Biotech that it had “underwent a” restructuring “to expand its cash run and the organization’s next stage of development.
The new company is said to employ 127 people.