I work at a biotech company that is facilitating drug studies for prostate cancer. About 6 months ago one of our three drug studies failed. It was by far the largest and most promising of our studies. Our stock has plummeted and employees have been abandoning ship with reasonable concerns that the company will go belly up. This is why I've had so little to do at work the last couple of months.
At our peak we had about 70 employees. As of last week we had 38 due to employees finding other jobs. Now we're in the midst of layoffs. After this Thursday we'll be down to about 23 people. After July 15th, down to a 15 person skeleton crew to keep the company alive long enough to be bought out or miraculously acquire some successful new drug study. I'm part of that skeleton crew which sounds like it would work out well for me financially, but it's still kinda crazy working some place that is slowly plummeting to its death.
| May 13, 2008 07:54am | 
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