Biotech company Moderna said Thursday it plans to cut 10% of its global workforce and expects to have fewer than 5,000 employees by the end of the year. The move is part of the company's ongoing effort to lower its annual operating expenses by around $1.5 billion by 2027, Moderna CEO Stéphane Bancel said Thursday in an internal letter to employees.Moderna has been relying on its new mRNA vaccines, including its experimental COVID-flu combination shot, to offset declining sales of its COVID-19 vaccine and respiratory syncytial virus vaccine, Reuters reported.MODERNA CEO SAYS COVID MOVING INTO E...

2 weeks ago

On HALO