Moderna Slashing 10% of Staff in 2025 Amid Vaccine Sales Slowdown

What’s Happening at Moderna?

Moderna is planning to eliminate approximately 10% of its workforce, or more than 800 positions, as vaccine sales continue to cool.

Last September, the biotechnology company announced that it wanted to reduce its annual operating expenses by $1.5 billion by 2027 — largely by trimming research spending.

Despite efforts to avoid job cuts, CEO Stéphane Bancel told staff in a recent memo that a workforce reduction has become inevitable to achieve their goal.

Bancel didn’t disclose which roles will be affected, but revealed that Moderna’s headcount will drop below 5,000.

Impact on Canadian Staff

Samfiru Tumarkin LLP is working to determine if any Canadian employees at Moderna are affected.

According to LinkedIn, the company currently has more than 140 workers in the country.

• SEE ALSO: Layoffs in Canada: Which Employers are Slashing Staff?

Next Steps for Moderna Employees

If you’re fired or let go from Moderna, understanding your legal rights is crucial.

Non-unionized employees in Canada are entitled to severance pay. This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and British Columbia (BC).

The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.

📺 WATCH: Everything Non-Unionized Employees Need to Know About Severance Pay

Key Severance Facts:

• Compensation: Severance packages, which can be as much as 24 months’ pay, may include salary, bonuses, commissions, and other forms of compensation. Use our firm’s free Severance Pay Calculator to better understand your entitlements.
• Deadlines: You generally have up to 2 years from the date of your termination to review and negotiate severance offers.
• Action steps: Consult an employment lawyer at Samfiru Tumarkin LLP to ensure your severance package is fair and aligns with Canadian employment laws.

Lost Your Job at Moderna? Contact Us

If you’ve lost your job at Moderna for any reason, the experienced employment law team at Samfiru Tumarkin LLP can help.

Our lawyers in Ontario, Alberta, and BC have helped tens of thousands of non-unionized individuals resolve their workplace issues.

📞 Call us today at 1-855-821-5900 or request a consultation online.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.