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Thermo Fisher Cuts 88 Jobs in San Diego in Fourth Round of Layoffs This Year

Key Takeaway: Thermo Fisher Scientific is cutting 88 jobs in San Diego, marking the fourth round of layoffs this year. This brings the total job cuts in the area to nearly 600 since January 2023. The layoffs are linked to a decline in demand for COVID-19 testing products and other economic factors, leading to the closure of three facilities in the region.

Market Sentiment Analysis

CONCERNS & RISKS

  • Thermo Fisher has cut nearly 600 jobs in San Diego since 2023.
  • The recent layoffs are attributed to a downturn in demand for COVID-19 testing products.
  • The company is closing three facilities in San Diego due to unforeseen business circumstances.
  • Job cuts are not limited to San Diego; other locations are also affected.

Full Press Release Details

Pictured: Thermo Fisher sign in front of building/JHVEPhoto,iStock
Two months after it announced plans to close three sites in San Diego,Thermo Fisher Scientificplans to cut 88 workers in the area, according to a Worker Adjustment and Retraining Notification (WARN) notice filed in California.
This brings Thermo Fisher’s total number of job cuts in the area to nearly 600 since the start of 2023. Though the 218 job cuts announced in April were related to the company’s decision to close three sites in San Diego, the most recent filing received by the state on June 13 shows these cuts are from the company’s Carlsbadfacility, a coastal city in northern San Diego county.
Thermo Fisher was not immediately available toBioSpacefor comment.
Nancy Austin, vice president of human resources of Thermo Fisher’s genetic sciences group,wrote in a letterto California’s Employment Development Department (EDD) that the company decided to close the three San Diego facilities due to “unforeseeable business circumstances caused in part [by] a sudden downturn in demand for COVID-19 testing products and other evolving economic and business conditions.”
Though the San Diego area has been the focus of Thermo Fisher’s layoffs in 2023, it isn’t the only place the pharma has made cuts. In March, the company filed a WARN notice stating it plans to close a New Jersey manufacturing site, laying off 113 employees. The pharma toldPatch Newsthat the decision was due to a decline in “manufacturing volume demands.”
This staff trimming has been ongoing for Thermo Fisher over the last year. In November, the company cut anunspecifiednumber of jobs in Grand Island, N.Y., and 95 jobs across two sites in California, according to WARN notices filed with the state.
Rosemary Scott is an editor at BioSpace, focusing on the job market and career development for professionals in the life sciences. You can reach her at rosemary.scott@biospace.com and on LinkedIn.

Frequently Asked Questions

How many jobs is Thermo Fisher cutting in San Diego?

Thermo Fisher is cutting 88 jobs in San Diego.

What is the reason for the layoffs at Thermo Fisher?

The layoffs are due to a downturn in demand for COVID-19 testing products.

How many total jobs have been cut by Thermo Fisher in 2023?

Nearly 600 jobs have been cut by Thermo Fisher in San Diego this year.

Are layoffs occurring in other locations besides San Diego?

Yes, Thermo Fisher has also made cuts in New Jersey and New York.

Last updated: Jun 20, 2023