by With anticipated reductions in federal funding for medical research, the Broad Institute, a biomedical research facility connected to MIT and Harvard, is reducing its staff and laying off 75 workers.
Less than 4% of the Broad Institute’s staff will be laid off, the organization stated in a statement. The majority of the affected roles are in administration.
The institute is also cutting expenses by forgoing yearly pay raises for those at the top of the compensation scale, cutting back on planned event spending, and making minor adjustments to benefits.
In a statement, David Cameron, the institute’s head of external communications, said, “We approached this process with utmost concern for those affected.”
To assist people who have lost their employment, the institute is offering expert outplacement services.
Even while these steps are challenging, they enable us to keep funding innovative research avenues that will advance our knowledge of and ability to treat illness, Cameron added.
The Broad Institute was established in 2004 with the goal of comprehending the causes of illness and bridging the gap between novel scientific discoveries and patient effects.
The institute collaborates with the biomedical research communities in the Boston region and beyond, as well as with MIT and Harvard academics, staff, and students.
Numerous research institutes are preparing for layoffs, including this one. Due to financial challenges, Boston University recently announced that it is laying off 120 staff. About 200 staff at UMass Chan Medical School have been placed on furlough, and Harvard declared a hiring restriction in March.
For Boston.com, Beth Treffeisen works as a general assignment reporter, covering local news, crime, and business in the New England area.
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