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Gilead’s Kite Pharma Announces Layoffs

Gilead Sciences’ subsidiary, Kite Pharma, has made the decision to lay off approximately 300 employees, which accounts for about 7% of the unit’s total staff.

This move is part of an effort to realign the business for future growth and to optimize operational efficiency within the organization. A spokesperson from Gilead confirmed this decision in an emailed statement to Endpoints News.

Despite the layoffs, the company is also creating about 90 new jobs within the 4,000-plus-person group, resulting in a net headcount reduction of about 5%. However, Gilead did not provide specific details on which areas of the cell therapy business were primarily affected by these lay-offs.

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