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Jazz Pharmaceuticals makes third layoff this year
By www.EmploymentCrossing.com
In its third layoff this year, Jazz Pharmaceuticals Incorporated will cut 71 employees as well as lose its chief financial officer.
The Palo Alto, California-based company laif off 33 employees in June and another 67 in November.
The June moves included delaying a late-stage clinical trial of a restless legs syndrome treatment and mid-stage work on an epilepsy and bipolar disorder treatment.
Jazz will take a $1.9 million layoff-related charge in the fourth quarter.
CFO Matt Fust is leaving the company to pursue “other professional interests,” the company said.
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