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As losses mount, Soon-Shiong’s NantHealth to lay off dozens, reduce headcount by 300

  • Rebecca Robbins

By Rebecca Robbins Aug. 10, 2017

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Dr. Patrick Soon-Shiong/Nant
Dr. Patrick Soon-Shiong's business has struggled. Darren McCollester/Getty Images for NantHealth

With its stock price sinking and its financial losses piling up, Dr. Patrick Soon-Shiong’s NantHealth is reducing its headcount by about 300 staff, the company said on Thursday.

The biotech billionaire’s company did not specify how many employees are being laid off, but one person familiar with the matter pegged the number of layoffs at about 130.

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About the Author Reprints

Rebecca Robbins

Rebecca Robbins

Health Tech Correspondent

Rebecca covers health technology. She is the co-author of the newsletter STAT Health Tech.

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