Advertisement

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

AI drug discovery company Exscientia will cut 25% of its staff

by Aayushi Pratap
May 23, 2024 | A version of this story appeared in Volume 102, Issue 16

 

The UK-based artificial intelligence drug discovery firm Exscientia has decided to lay off nearly a quarter of its staff as part of “cost efficiency measures.” The company says the various moves will result in annualized savings of $40 million, including $7 million–$9.6 million from the job cuts. The departments likely to be affected by the workforce reduction will include target identification, precision medicine, experimentation, and engineering.

Article:

This article has been sent to the following recipient:

0 /1 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.