There is no doubt that the current financing landscape and resultant company restructures or closures are having a significant impact on those individuals involved. It is not just financing, or lack of, that causes such staff turnover, of course. Business growth can lead to new skills and capacities being prioritised; deal-making such as M&A can equally force change, as indeed can personal circumstances. The reasons a life science company employee can find themselves between jobs can be varied and for negative impacts as well as positive choices. Whatever the reason, staying involved in the ecosystem, connecting with peers and learning new skills is the best way of seeing the next opportunity whilst protecting mental wellbeing and future success.

At One Nucleus, at a time when widespread life science industry layoffs are the dominating cause of joblessness, we are supporting our network by offering extended support to those between roles through our "Career Change Outreach" support initiative.

When our member companies face the difficult decision of letting staff go, we allow departing employees to continue accessing membership benefits for up to one year at no additional cost to the employer. This support includes free access to our BioWednesday networking events, discounted rates for other events, access to our jobs board, training courses for upskilling, and mentoring opportunities. The initiative helps companies support their departing colleagues while protecting their reputation and provides practical assistance to job seekers navigating the challenging transition between employers in the current biotech downturn.

Support includes:

• Extended Membership: Up to one year of member benefits, including networking, job boards, and training.
• Networking Opportunities: Access to events like BioWednesday to connect with employers and peers.
• Training & Upskilling: Courses and mentoring to aid career transitions.

The initiative aims to ease the company and personal impact of redundancies and job changes alongside our professional development support. Affected individuals and companies can contact One Nucleus for more information.

To learn more about this initiative, take a look here.