DeCode Lays Off 14 Percent of Staff to Conserve Cash | GenomeWeb

NEW YORK (GenomeWeb News) – DeCode Genetics has laid off 60 employees, or around 14 percent of its staff, in an effort to ensure it has enough cash to last two years, the company disclosed today in a filing with the US Securities and Exchange Commission.  
 
The company said in the filing that the layoffs are “in line with its longstanding goal of ensuring that it has cash resources to last approximately two years.”

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