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Biotech company once valued at $700 million slashes entire workforce

Summary by Kron 4 News
(KRON) -- The future of one biotech company on the Peninsula is drastically changing. Unity Biotechnology is laying off its entire workforce, the company announced Monday in a press release. The reduction in workforce includes Unity Biotechnology's Chief Executive Officer, Chief Financial Officer and Chief Legal Officer. According to the release, these three executives are transitioning to consulting roles to "support in evaluation of strategic …

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Kron 4 News broke the news in San Francisco, United States on Tuesday, May 6, 2025.
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