Gilead Sciences Announces Layoffs at California HQ and Closure of Seattle Office

Layoffs at California HQ:
Gilead Sciences will lay off 104 employees at its Foster City, California, headquarters effective March 1415.

Seattle Office Closure:
The company is closing its Seattle office, impacting 72 employees, as part of efforts to align resources with long-term strategic goals24.

Reason for Layoffs:
The layoffs are attributed to aligning resources with long-term strategic goals, including preparing for potential new launches by the end of 20302.

Impact on Employees:
Affected employees can apply for other positions within Gilead or request severance and job placement services24.

Company Performance:
Gilead recently reported third-quarter product sales growth of 7% to $7.5 billion year over year2.

Sources:

1. https://www.biospace.com/biospace-layoff-tracker

2. https://www.biospace.com/job-trends/gilead-and-kite-are-cutting-employees-closing-seattle-philadelphia-sites

4. https://www.geekwire.com/2024/gilead-sciences-to-close-seattle-office-shutdown-impacts-73-employees/

5. https://www.fiercepharma.com/pharma/gilead-trims-100-positions-california-hq