Modern 10% of 10% of employees, between Covid vaccine sales

Modern Thursday said that the end of the year is 10% of its global workplace intended to flip 10%, as Covid Shot sales Continue to Dwindle and the company together with the uncertainty in the vaccine market.

In A note Stephane Bancel Director Stephane Bancel said that the company expects less than 5,000 employees by the end of the year. Modern had 5,800 full-time employees in approximately 18 countries, December 31, 2024 according to its 2024 Annual Report.

Modern shares fell by more than 20% this year. In May, the company reportedly reported the sales of the first quarter vaccine who lost the estimates of Wall Street. Modern is also browsing Political barriers Often of health and human services Robert F. Kennedy Jr., who has taken steps to change the vaccination guidelines and the steps to risk access to US plans.

In May, modern said he would reduce annual operating costs in $ 1.5 billion in 2027. This goal adds to the cuts made by the company previously announced.

Modern will give another update on his business when it publishes quarterly results on Friday morning.

In memory, Bancel said that Modern has made significant advances in favor of cutting research and development, especially when the testing of respiratory products ends, represents the supplier agreements and reduces manufacturing costs.

“Every effort was made to affect work,” he said. “But now, to re-adapt our operating structure and align our cost structure to the realities of our business is essential and economically disciplined by continuing to invest in our way through 2027 in Science.”

“The future of the modern said he was bright,” he has now approved three products and has been up to eight more years. In May, in food and drug administration accepted The third sequence of the modern, the next generation Covid shot.

But Bancel said “This decision did not do lightly.”

“The team members and friends who have helped us to offer our mission and build modern,” he said. “I want to point out on behalf of the full executive committee and the patients you have served, our thank you for everything you have helped.”