3 days ago
Vertex to lay off 125 employees in R.I., consolidate offices
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Nina Devlin, a spokesperson for Vertex, confirmed to the Globe on Wednesday that once the positions are terminated, there will be a total of approximately 60 employees remaining in Rhode Island.
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'We value the contributions of every team member impacted, and we are committed to ensuring as smooth a transition as possible, including offering severance, outplacement support, and career counseling,' Devlin said in a statement.
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The layoffs come as a blow to the state's life sciences sector, which local officials
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Vertex most recently announced it would
As a result, 'certain roles related specifically to the VX-264 program have been eliminated,' according to Devlin.
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'Vertex remains committed to bringing transformative therapies to people living with [type 1 diabetes] and to progressing our cell therapy program, zimislecel (VX-880), which is in Phase 3 development,' Devlin said.
The company currently operates out of three Providence buildings. Vertex plans to soon consolidate its operations into its site at 225 Carolina Ave. in Providence.
A publicly traded company, Vertex's headquarters are based in both Boston and London.
Outside of Rhode Island, Vertex is one of the biomedical companies seeing bright spots in a time of uncertainty as it earned
Alexa Gagosz can be reached at
