Bad News at Exelixis

I’m hearing from more than one source that Exelixis has laid off about 40% of their work force, which is somewhere around 250 people (the numbers I get don’t all agree). This seems to be across the board, all departments, and most everyone is being asked to leave today.

The Bay area biotech scene doesn’t seem to be at its healthiest these days (although it’s still in better shape than San Diego, from the sound of it), but this isn’t going to help it one bit. . .