Bluebird Bio (NASDAQ:BLUE) Plans to Reduce Workforce by 25%
Bluebird Bio’s Strategic Workforce Reduction
Bluebird Bio (NASDAQ:BLUE) is implementing a major workforce reduction, cutting approximately 25% of its staff. This decision is part of a broader strategy to optimize the company’s cost structure and enhance operational efficiency.
Focus on Commercial Launches
With this workforce reduction, Bluebird Bio aims to concentrate its resources on upcoming commercial launches, ensuring streamlined processes and improved product delivery.
Financial Goals and Projections
The company has set an ambitious target of achieving cash flow break-even by 2025, indicating a significant pivot in its strategy towards sustainable financial performance.
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