BenchSci Layoffs: 17% of staff axed, investing in generative AI
BenchSci, a Toronto-based artificial intelligence (AI) and biomedical startup, has confirmed to BetaKit that it has eliminated 17 per cent of its workforce, or 70 jobs.
What’s happening at BenchSci?
In a recent LinkedIn post, BenchSci said the decision to trim its headcount is a result of “shifts in the economic environment, operational efficiencies, and adaptation to technological advancements, specifically Generative AI.”
“We believe that Generative AI will continue to reshape preclinical R&D and have a substantial positive impact on our customers,” the post reads.
“As we look towards our future, these changes will allow us to further our investment in Generative AI and work toward making drug discovery more efficient and help bring new medicine to patients faster.”
Several staff members commented on BenchSci’s post — claiming that they had been let go.
According to the company’s LinkedIn page, it employs more than 340 people in Canada.
If you’re a non-unionized employee, check out our BenchSci Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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