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Old 09-21-2011, 05:43 AM   #1
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Location: USA

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Default PacBio cuts 28% work force

Have they gone the way of Helicos?
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Old 09-21-2011, 10:10 AM   #2
Rick Westerman
Location: Purdue University, Indiana, USA

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Too early to say. They could be just re-positioning the emphasis of their workforce. But paring down the work force of a supposedly growing company is rarely a good sign. Glad I didn't apply for any of those numerous PacBio posts in the "Industry Jobs" section. :-)
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Old 09-21-2011, 10:24 AM   #3
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Many are supposed to be in the "R&D" section, which is probably not good news either.
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Old 11-10-2011, 11:34 PM   #4
Location: Pacific Northwest

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They did go on a gangbuster hiring spree prior to their IPO, and are probably discovering that the revenue cannot support the workforce expansion. With their main strength relative to the competition being long segment reads, it is a valid question to ask whether there is a sustainable commercial position there. After all, how much denovo sequencing is needed on a large scale? On the surface GNOM would appear to be targeting a more sustainable commercial target. Thoughts?
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