Vaccine makers reduce research efforts and lay off employees

A group of scientists in lab coats discusses research data in a hightech laboratory, surrounded by vaccine development equipment and charts reflecting recent budget cuts.

As of October 2023, Pfizer has confirmed the elimination of approximately 2,000 jobs, primarily within its research and development divisions. Similarly, Moderna has indicated a 25% reduction in its workforce, a move that reflects the company’s need to adjust to a post-pandemic market. These decisions come at a time when funding for vaccine research is … Read more