HealthcareUS

Twist Bioscience Layoffs

May 2023

Twist Bioscience announced a layoff affecting 270 employees (25% of its workforce) in May 2023. The company operates in the Healthcare sector.

People Affected

270

Percentage

25%

Announced Date

May 5, 2023

About

Twist Bioscience, a synthetic biology company, laid off approximately 270 employees, representing about 25% of its workforce, in a restructuring effort announced in early 2024. The move aims to reduce costs and extend the company's financial runway, focusing resources on core DNA synthesis and data storage businesses. This significant reduction reflects broader challenges and consolidation within the biotechnology and life sciences tools industry.