Emergent to cut over 130 positions to kick off new year –

Robert Kramer, Emergent BioSolutions CEO
January 9, 2023 12:21 PM EST PeopleManufacturing
Emer­gent to cut over 130 po­si­tions to kick off new year
Tyler Patchen
News Reporter
The Mary­land-based man­u­fac­tur­er Emer­gent BioSo­lu­tions is lay­ing off em­ploy­ees and two ex­ec­u­tives are de­part­ing.

In an an­nounce­ment on Mon­day, Emer­gent said that it will lay off 132 em­ploy­ees, as part of its plan to com­bine its re­search, prod­uct de­vel­op­ment, and clin­i­cal teams in­to a sin­gle “Sci­ence & De­vel­op­ment” team. The lay­offs amount to around 5% of Emer­gent’s cur­rent work­force. Ac­cord­ing to its an­nu­al re­port to the SEC for Fis­cal Year 2021, the man­u­fac­tur­er had 2,416 em­ploy­ees in to­tal. In a state­ment, Emer­gent CEO Robert Kramer said that the com­pa­ny will pro­vide re­sources to help all the em­ploy­ees af­fect­ed by the lay­offs, but no de­tails were pro­vid­ed.

In an email to End­points News, an Emer­gent spokesper­son said that the elim­i­na­tions will oc­cur over the next 60 days, and most of the roles be­ing cut are at sites in Cal­i­for­nia and Mary­land.

Read the full article at: endpts.com