Friday, September 09, 2011

Dendreon Cuts Staff By 25%; High-Level Exec Departs - Health Blog - WSJ

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The company announced after the market closed today that it is laying off 500 employees, or about one-quarter of its work force, to get expenses better aligned with expected revenues.

Among those departing is chief operating officer Hans Bishop, the highest-ranking employee to leave in the aftermath of the August debacle, which cut the company’s market cap by two-thirds.

Posted via email from Jack's posterous

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