Biotech company lays off 15% of staff

Absci, a company using generative artificial intelligence in the drug discovery process, laid off 30 employees or about 15 percent of its staff, GeekWire reported Sept. 6.

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The layoffs were related to the “company’s continued realization of operational efficiencies from its AI and wet lab integration.” About a year ago, the company laid off 40 employees. 

The company’s stock is down more than 20 percent this year. Absci went public in 2021.

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