Revvity Layoffs

Revvity Inc., a biomanufacturing company, is closing its South End facility in Boston and laying off all 74 employees at the site. The layoffs are expected to be completed by the end of the year, with a WARN notice filed with the state of Massachusetts indicating the layoffs will occur between November 1, 2025, and August 31, 2028.

The company, headquartered in Waltham, has not given a specific reason for the closure. This move follows a period of business realignment and cost management for the company, which recently lowered its outlook due to policy changes in China.

For additional information, you can find the original article here: https://www.nbcboston.com/boston-business-journal/revvity-layoffs-boston-facility/3807940/

Biomanufacturing firm Revvity is consolidating operations into its Hopkinton campus, closing a second Massachusetts site while adding to previously announced layoffs. The company will permanently shut down its Lawrence facility at 360 Merrimack St, affecting 51 employees, with layoffs beginning as early as December 2025 and most occurring by January 2026. This follows the upcoming closure of its Boston South End site at 549 Albany St, where 74 jobs are slated to be cut between November 2025 and December 2026. Revvity says most affected employees are being offered transfers, framing the moves as part of a footprint streamlining effort.

Revvity, a PerkinElmer spin out and the 35th largest public company in Massachusetts, reported 759 in state employees as of April 2025 and about 11,000 employees globally. The firm’s focus spans biomarkers, diagnostics, imaging, informatics, and predictive technologies. Financial pressures are part of the backdrop, with shares down more than 26 percent year to date and an implied market cap near 10.64 billion as of the prior Friday. Most job transitions are expected in Q1 2026, with some impacts possible beginning next month. The company has not indicated additional restructuring beyond the current consolidations.

Revvity Inc - Lawrence MA and Boston MA

https://bostonrealestatetimes.com/revvity-closes-second-massachusetts-site-increases-layoffs-amid-operational-consolidation/

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