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Recursion Pharmaceuticals Announces workforce Reduction: what It Means for Employees
The biotechnology firm is cutting 20% of its staff.What are the next steps for affected employees in Canada?
Recursion Pharmaceuticals (Recursion) is reducing its workforce by approximately 20% as part of a restructuring effort.
According to a regulatory filing,”The company estimates that it will incur approximately $11 million in charges in connection with the workforce reduction,consisting of severance payments,employee benefits,and related costs,substantially all of which the company expects to incur in the year ending Dec. 31, 2025.”
Reports indicate that the biotechnology research company began 2025 with around 800 employees, with over 70 based in Canada.
Next Steps for Impacted Employees
If you are terminated or laid off from Recursion, it is indeed crucial to understand your legal rights.
Non-unionized employees in Canada are typically entitled to severance pay. This applies to individuals working full-time, part-time, or hourly in provinces like Ontario, Alberta, and British Columbia (BC).
The company estimates that it will incur approximately $11 million in charges in connection with the workforce reduction.
The amount of severance owed depends on several factors, including your position, length of employment, age, and prospects for finding similar work.
