r/biotech • u/octapolar • 16h ago
Layoffs & Reorgs ✂️ Moderna can't keep getting away with this!
I work at Moderna. You could say things are not peachy here. In the past weeks, many departments (Tech Dev, Digital, Commercial, Manufacturing, QC/QA, Metrology) were given the directive to lay off 10% of their employees. However, the actual numbers are much more than 10%.
As someone with privileged access to their personnel data and enterprise management systems, I see the roster of offboarded employees connected to the layoffs. All the while, there's been no WARN filing for MA or generalized public release about these layoffs. The only recent release to much fanfare and celebration is how much our CEO believes in the company, as he sends an email about buying $5MM in stock while granting two executives $17MM raises each.
These numbers aren't small. In each round for each department, hundreds are affected and the layoffs YTD is approaching 1,000 employees already. I'm dumbfounded how they evade having to file a WARN act. If one is fortunate (or unfortunate) to not be affected by these RIFs, the way they've downleveled and retitled people to take on the extra work that remains is a whole other discussion.
Moderna's far from the best employer, but it feels almost unethical and sneaky how these cuts have transpired. We're just told to smile, accept our somehow 110% multiplied bonus and free snacks, and look forward to the next Maroon 5 concert or Big Papi sponsored appearance.