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Ventyx Biosciences cuts 20% of workforce

Dec. 07, 2023 6:18 PM ETVentyx Biosciences, Inc. (VTYX) StockBy: Jonathan Block, SA News Editor1 Comment
Layoff notice after spread of Covid-19 (corona virus), Crisis of the business recession during the Covid-19 outbreak.

Tarathip Kwankeeree

  • Ventyx Biosciences (NASDAQ:VTYX) has let go of 20% of its employees.
  • As a result, the company will incur $2M in expenses for severance and benefit for those who are laid off.
  • The company's stock is down ~93% year to date.

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