Home News Biotech, medical device company chops more than 1,000 Bay Area jobs

Biotech, medical device company chops more than 1,000 Bay Area jobs


NEWARK — A biotech and medical gadgets firm that produced a 15-minute COVID check package, has determined to cut greater than 1,000 Bay Space jobs, in line with official state labor reviews.

Cepheid is reducing 948 jobs in Northern California, in line with WARN letters the corporate has despatched to the state Employment Growth Division.

The layoffs will get rid of 1,003 jobs within the Bay Space, the WARN notices present.

The job cuts will terminate 746 positions in Newark, 256 in Sunnyvale, 1 in Santa Clara and 23 within the San Joaquin County metropolis of Lodi, the WARN notices state. That works out to a lack of 1,046 Northern California jobs.

The largest spherical of employment cutbacks got here at a Cepheid manufacturing heart at 7000 Gateway Blvd. in Newark, the place 683 positions had been misplaced.

Sunnyvale-based Cepheid stated it’s shutting down operations on the manufacturing heart which the corporate calls its Newark B1 facility.

“This shutdown is anticipated to be everlasting,” Cepheid said within the WARN discover. “Your entire facility is being closed.

One other 63 Cepheid staff misplaced their jobs at a close-by manufacturing website at 6601 Overlake Place in Newark. The wording of the corporate’s WARN letter suggests this website, which it calls B2, gained’t be closing fully.

“The employment losses are anticipated to be everlasting,” Cepheid stated of the Newark layoffs.

Cepheid gained high-profile standing in 2020 due to its creation of COVID check kits that might produce leads to quarter-hour.

But the corporate’s core enterprise is its automation of assessments that may determine an organism resembling a virus by way of its DNA or RNA.

Not one of the workers are represented by a union.

Cepheid was based in 1996 and went public in 2000. In 2016, Washington, D.C.-based Danaher Corp. purchased Cepheid for $4 billion.

A few of the job cuts within the present spherical of layoffs occurred on the firm’s Sunnyvale headquarters. The Sunnyvale layoffs occurred at a number of amenities which can be close to the primary workplace.

In the entire job cuts, the staff affected by the layoffs should not have the fitting to bump, that’s, displace, different workers. That is the case even when the affected worker who’s dropping a job has seniority over one other worker.

“Cepheid will probably be providing all impacted associates outplacement providers offered by a third-party vendor, freed from cost,” the corporate said in a WARN letter.




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