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Replies to post #75043 on Biotech Values
Hutch Cuts 83 Jobs To Cope with Drop in Philanthropy
Luke Timmerman 4/15/09
The Fred Hutchinson Cancer Research Center has joined the list of organizations announcing layoffs, by eliminating 83 jobs, or about 3 percent of its workforce. The Seattle-based nonprofit research institute said in a statement that it made the budget cuts to offset the drop in charitable giving that it counts on.
“The recent global economic downturn poses unprecedented financial challenges for biomedical research institutions nationwide,” said Lee Hartwell, the center’s president, in a statement... etc.
The “Hutch” is one of the world’s leading biomedical research centers, and an anchor of the Seattle biotech cluster. It has more than 3,000 employees, and a budget for fiscal 2009 of more than $308 million... etc.
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