Novavax Layoffs 2024: What to Know About the Latest NVAX Job Cuts

Biotechnology firm Novavax (NASDAQ:NVAX)– which specializes in developing and commercializing next-generation vaccines — just announced a fresh round of job cuts. Earlier today, management said that it would reduce its global staff by about 12%. Now, NVAX stock is moving up on news of the Novavax layoffs. Tensions in the market also suggest that shares could jump even higher.According to Seeking Alpha, Novavax stated that its Board of Directors approved the Novavax layoffs in a meeting on Monday. In terms o ...