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Source:
The Boston Globe
The Boston Globe
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The Massachusetts biotech sector experienced its first employment decline since 2002, with a workforce decrease of about 3,600 in 2025. Despite recent layoffs, industry experts are optimistic about a recovery, citing increased venture funding, IPO activity, and M&A deals indicating an upcoming upcycle. The sector's resilience is supported by significant public and private funding commitments aimed at sustaining growth.
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