HealthcareUS

Invitae Layoffs

December 2023

Invitae announced a layoff affecting 235 employees (15% of its workforce) in December 2023. The company operates in the Healthcare sector.

People Affected

235

Percentage

15%

Announced Date

Dec 13, 2023

About

Invitae, a San Francisco-based genetic testing and health data startup, laid off 235 employees at its headquarters in early December 2023. This reduction represents 15% of the company's total workforce and affected technical, recruiting, HR, and sales departments, including some director-level roles. The layoffs are part of a strategic shift from aggressive growth and acquisitions toward cost-cutting, driven by a broader downturn in the biotech market. This follows a previous round of 1,000 job cuts in July, highlighting ongoing challenges in the tech and biotech sectors.