Employment News
Synta Pharmaceuticals Cutting 40% of Workforce
By Erik Even | Dated: 03-13-2009
Synta Pharmaceuticals cut 90 jobs, nearly 40% of its workforce, citing the recent suspension of its cancer drug trial.Late-stage trial of the drug, elesclomol, was suspended last month after an independent data monitoring committee observed a higher number of deaths and other safety concerns.
The Lexington, Massachusetts-based company says the restructuring will allow the company to operate for the next two years without additional equity financing.
Career Connect (From our other career blogs):
- Employment News (Sponsored by EmploymentSpectator)
- Following Your Passion-Literally! (Sponsored by iamnotastalker.com)
- Job Search Advice from the CEO of TravelingCrossing (Sponsored by aharrisonbarnes.com)
- Layoff News (Sponsored by LayOffWatch)
Testimonial of the Week
The number of jobs listed on EmploymentCrossing is great. I appreciate the efforts that are taken to ensure the accuracy and validity of all jobs.
- Richard S Baltimore, MD
Sign Up now
Only TravelingCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.
- We have more jobs than any other job board.
- We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
- We collect jobs from more than 4,429,376 websites and post them on our site.
- We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.
