Darren Nelson 🚀 (We're hiring)

New York City Metropolitan Area Contact Info
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Welcome to my LinkedIn profile. I'm Darren Nelson, the Founder & CEO of Recruits Lab, and…

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  • Biotechs see 'staggering' 87% rise in layoffs during Q1, on pace to overtake 2022

    Fierce Biotech

    In the first quarter of 2023, biotech layoffs surged by 87% compared to the previous year, with 56 companies reducing their workforce. This increase is driven by financial challenges, including cash burn and low returns on investments. In contrast, Big Pharma layoffs are viewed as routine "housekeeping" despite a generally strong financial performance. The article examines the factors behind these trends, highlights the most affected roles, and offers expert insights into the industry's future.

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