Biofourmis axes staff again, including 45 in Singapore; healthtech vacating office here: sources
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
HEALTHTECH unicorn Biofourmis is conducting a second major round of layoffs affecting around 45 staff in Singapore and at least 85 staff globally, sources familiar with the matter told The Business Times (BT).
This comes some three months after the company laid off about 120 employees across the three cities where it operates – Singapore, Boston and Bengaluru.
Biofourmis will also be vacating its office space in Singapore by December, with the remaining employees working from home permanently, according to sources. Its listed business address is an office space in Vision Exchange at Jurong East.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
