There is so much money in the pharmaceutical industry in general, but Moderna is still cutting 10% of its team. Is there a worse sign for the economy than when a Pharmaceutical company has to do layoffs?

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I never know what to make of something like that. Massive companies are often reconfiguring their workforce, so layoffs may not be about cost cutting so much as a change in long-term strategy. But it is still a bad sign for the economy to have so many people looking for work, especially with the job market cratering.

I agree with Research Assistant 1. I highly doubt that they are hurting for money. But I definitely wouldn't take it as good sign if they are doing layoffs.

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