Exact Sciences lays off 350

Exact Sciences is cutting 350 jobs, of which 250 are based in Wisconsin, according to a Wisconsin State Journal report. The layoffs affect about 5% of the workforce at the company and are being made at various levels of the organization and across divisions. The company previously cut 230 jobs in May of this year. In a statement, the company said, “The impact of inflation, market volatility, and prioritization of the programs that will have the greatest impact on improving cancer care have resulted in the need to allocate our workforce and resources more closely to our highest priority programs.” The company also said it is taking steps to simplify its organizational structure to “improve communication and operational efficiencies.”