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Moderna plans to lay off 10% of workforce to cut costs

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Moderna plans to lay off 10% of workforce to cut costs

Jul 31, 2025 4:52 AM

July 31 (Reuters) - Moderna ( MRNA ) plans to slash

roughly 10% of its global workforce by the end of the year to

cut costs at a time when sales of its COVID-19 vaccines are

slowing, the company said on Thursday.

"By the end of the year, we expect to be fewer than 5,000

colleagues strong," Moderna ( MRNA ) CEO Stephane Bancel said in a memo

to employees.

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