Life sciences companies have engaged in record swaths of layoffs in the last three months. The cuts hit a talent pool stretched to the brink, with employment levels for research and development jobs reaching record levels to end 2024 and start 2025. Even with the layoffs, the unemployment rate for biotech in April was just 2.8%, according to the Bureau of Labor Statistics.
The tenuous employment picture poses yet another problem for life sciences companies and their landlords, which are working to wrangle a 21.4% vacancy rate nationwide that more than doubles in some of the country’s top lab markets...
RSK: Madison has seen a bit of this slow down, but the workforce for this industry is solid and the quality of life will draw more lab tech workers to the city.
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- - Volume: 25 - WEEK: 21 Date: 5/20/2025 12:36:56 PM -