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DoubleTwist Slashes 40 Jobs, CEO Relinquishes Control to President

NEW YORK, Jan. 14 - Embattled bioinformatics firm DoubleTwist fired 40 staff members and transferred the managerial duties of its chief executive in an attempt to break even, GenomeWeb learned on Monday.

 

A company spokeswoman confirmed in an e-mail that DoubleTwist laid off 40 people last week "in an effort to reduce costs and streamline operations." The cuts leave the Oakland, Calif.-based firm with 60 employees, according to a source close to the company. That figure has not been independently confirmed. 

 

John Couch, until recently the company's CEO, has been named chairman, the spokeswoman said. "Day-to-day executive management" of the company has been assumed by Robert Williamson, DoubleTwist's president and chief operating officer.