Febit Cuts 60 Percent of Staff
Febit, a provider of life sciences research products and services, has cut 60 percent of its work force at its headquarters in Heidelberg, Germany, and U.S. office in Lexington, MA, according to a press release. The cuts come as result of the company’s shift away from DNA sequencing services and increased focus on providing tests that find microRNA biomarkers in blood for such uses as drug research and diagnostics development. The company has reduced its staff from 90-100 workers to 30 employees worldwide, said company spokeswoman Martina Schwarzkopf. She said most of the cuts were made in Germany, where the firm has the majority of its staff.