Five hundred local employees will be laid off as the Swiss pharmaceutical giant Roche prepares to close its Palo Alto research offices, the firm disclosed Friday. The layoffs will begin in late summer and continue over the following 12 months as operations wind down, said Jacqueline Wallach, vice president of communications.
The remainder of the company's Palo Alto employees will be transferred to other offices, Wallach said. About 270, including those involved in virology research, will move to the company's new U.S. headquarters on the South San Francisco campus of Genentech, which Roche acquired in a merger Thursday. Another 120, including those focused on inflammation, will move to a research and development site in Nutley, N.J.
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