Standard BioTools to Cut 15% of Staff in $7.5M Restructuring Push

What’s Going on at Standard BioTools?

Standard BioTools has announced a restructuring plan that will include a 15% reduction in its global workforce, according to Investing.com via a recent filing with the SEC in the US. The move has already prompted a number of Standard BioTools employees to reach out to Samfiru Tumarkin LLP for advice about their severance pay and employment rights.

• The workforce reduction comes as the South San Francisco-based company looks to streamline operations and align costs with its current revenue outlook.
• According to financial data from InvestingPro, Standard BioTools has been burning cash at a rapid pace, despite maintaining a strong current ratio of 5.16.
• The company expects to incur approximately $7.5 million in restructuring-related expenses, mostly tied to severance, termination benefits, and other associated costs.

Why It Matters

The layoffs mark a significant operational shift for Standard BioTools, which develops life science research tools and technologies.

• While the company holds more cash than debt — with a conservative debt-to-equity ratio of 0.07 — the layoffs suggest a sharper focus on cost containment amid uncertain revenue growth.

What They’re Saying

In its SEC filing, Standard BioTools stated: “The restructuring plan is intended to improve operational efficiency and reduce operating costs to align more closely with current revenue projections.”

• The company noted that the projected $7.5 million in restructuring costs may vary, and additional expenses could arise in connection with the plan.
• These costs are expected to be paid out over the coming months.

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Your Severance Rights as a Standard BioTools employee in Canada

If you’re a non-unionized Standard BioTools employee in Canada impacted by a layoff or restructuring — fired without cause or for cause — you may be owed as much as 24 months of severance pay.

A fair package should include:

• Salary
• Bonuses or commissions
• Pension and benefits contributions
• Stock options or incentive pay
• Vacation pay and allowances

What to Do If Standard BioTools Cuts Affect You

Whether you’ve already been let go or suspect it’s coming soon, here’s what to do right now:

1. Do not sign anything without legal advice — severance packages in Canada are often inadequate.
2. Collect documents, including your employment contract, offer letters, termination notices, text messages, and internal emails.
3. Use our FREE Severance Pay Calculator to estimate what you’re actually owed.
4. Talk to Samfiru Tumarkin LLP employment lawyer who understands the tech sector.

Protect Your Career — Before It’s Too Late

At Samfiru Tumarkin LLP, we’ve represented more than 50,000 Canadians, including Standard BioTools employees and people working at countless other companies. Our team has recovered tens of millions of dollars for our clients since 2007.

Our nationally recognized employment lawyers in Canada secure stronger severance packages and resolve workplace disputes — usually without going to court.

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

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.