Modern to slash 10% of employees in coved vaccine sales

Modern On Thursday, Kovid has planned to reduce his global employees about 10% by the end of the year due to sale. Continue to reduce And the company was absorbed indefinitely in the vaccine market.

In A memo Staff, CEO of modernity Stephen Bansel said the company is expected to get less than 5,000 workers by the end of the year. In 18 countries, Modernna had approximately 5,800 full-time employees in 18 countries. Accordingly 2024 reports reports??

Shares of Modern this year have come down to more than 20%. In May, the company recorded the sale of vaccines in the first quarter who lost the Wall Street forecast. Modernna is also navating Policy obstacles Health and Human Services Secretary Robert F. Led by Kennedy Junior, who has taken steps to change the vaccine guidelines and threaten to access the shots in the United States

Also in May, Modern said that it would reduce the annual operating cost by 2027 to $ 1.5 billion. The company has reduced this target. Previously announced??

The model will provide another update about his business when the quarterly results post on Friday morning.

In the memo, Bansel said Modern has made significant progress towards reducing research and development, especially in respiratory products, renews supplier agreements and reduces production costs.

He said, “The best efforts were made to prevent the job from the job.” But today, our operating structure has to be focused on the size of our operating structure and the composition of our price to be focused on the reality of our business and be financially disciplined, while investing in our science on the path of 2027. “

He said that “the future of the modern is bright”, saying that it now has three approved products and has a probability of up to eight in the next three years. In May, Administration of Food and Drugs Approved The third product of Modern, the next generation coed shot.

But Bansel said, “This decision was not light.”

He said, “These are affecting teammates and friends who have dedicated themselves to our goals and those who have helped to create modernity,” he said. “On behalf of the entire Executive Committee and on behalf of the patients you served, I want to express themselves for everything you have contributed.”