Ginkgo Bioworks Layoffs 2024: What to Know About the Latest DNA Job Cuts
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Ginkgo Bioworks (NYSE: DNA ) layoffs are coming for 158 of the company's employees and more are on t...
Original sourceAI Summary
- Ginkgo Bioworks is laying off 158 employees to reduce labor costs. - More layoffs are expected next week, part of a 25% reduction in labor costs. - DNA stock dropped 6.3% in response to the layoffs and struggles. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Industry News
Market-Moving
- Ginkgo Bioworks is laying off 158 employees to reduce labor costs.
- More layoffs are expected next week, part of a 25% reduction in labor costs.
- DNA stock dropped 6.3% in response to the layoffs and struggles.
Key Facts
- Ginkgo Bioworks is laying off 158 employees to reduce labor costs.
- More layoffs are expected next week, part of a 25% reduction in labor costs.
- DNA stock dropped 6.3% in response to the layoffs and struggles.