Jobs to go at Exscientia

22 May 2024

AI-driven precision medicine company Exscientia (Nasdaq: EXAI) has announced a headcount reduction of between 20% and 25%.

The jobs will go at the UK firm this year, impacting some areas of target identification, precision medicine, experimentation, engineering and infrastructure.

The redundancies are part of a series of efficiency measures through the rest of the year that are designed to streamline the company’s operations, which it expects to result in annual savings of $40 million or more beginning in 2025.

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