Moderna to slash 10% of workforce as biotech cuts costs, Covid shot sales slow [CNBC]
Moderna, Inc. (MRNA)
Last moderna, inc. earnings: 2/26 07:00 am
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Source: CNBC
In a memo to employees, Moderna CEO Stephane Bancel said the company expects to have fewer than 5,000 workers by the end of the year. In May, Moderna said it will reduce annual operating expenses by about $1.5 billion by 2027. The Moderna Inc. headquarters in Cambridge, Massachusetts, on March 26, 2024. on Thursday said it plans to slash roughly 10% of its global workforce by the end of the year, as Covid shot sales continue to dwindle and the company grapples with uncertainty in the vaccine market. In a memo to employees, Moderna CEO Stephane Bancel said the company expects to have fewer than 5,000 workers by the end of the year. Moderna had approximately 5,800 full-time employees in 18 countries as of Dec. 31, 2024, according to its Shares of Moderna have dropped more than 20% this year. In May, the company reported first-quarter vaccine sales that missed Wall Street's estimates. Moderna is also navigating under Health and Human Services Secretary Robert F. Kennedy Jr., w
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MRNA
Earnings
- 11/6/25 - Beat
MRNA
Sec Filings
- 12/16/25 - Form SC
- 12/15/25 - Form 4
- 12/15/25 - Form 4
- MRNA's page on the SEC website