ASeq Newsletter

ASeq Newsletter

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ASeq Newsletter
ASeq Newsletter
PacBio Lays Off 80 People

PacBio Lays Off 80 People

Apr 10, 2025
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ASeq Newsletter
ASeq Newsletter
PacBio Lays Off 80 People
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PacBio has laid off 80 people in an effort to reduce burn. This sucks, and some great people appear to have been let go.

The financials presented were not super-positive either, indicating that they’ve burnt $218.8M in last year and now have $343.1M remaining. They said they will lower the “annualized non-GAAP operating expense run-rate by $45 million to $50 million by year end”…

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