The layoffs will be permanent and will affect employees in several departments, according to EndPoints News.
Many details surrounding the layoffs remain undisclosed, including which employees will be cut, but the biotech company revealed layoffs will begin Aug. 31 and run into November.
In response to the layoffs, Genentech said its future success “depends on our ability to respond to change, appropriately allocate resources and manage our operations efficiently,” according to EndPoints.
Last year Genetec laid off 130 employees at its manufacturing facility in Vacaville, Calif. Those layoffs came after the company performed a detailed business analysis.
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