"Lifecore Biomedical is cutting jobs for 46 full-time employees, 9% of the company's workforce, amid ongoing challenges including tens of millions of dollars in losses last year.
Chaska-based Lifecore, which makes injectable pharmaceuticals, disclosed the layoffs in a filing with the U.S. Securities and Exchange Commission (SEC) Friday, citing the move as "part of an initiative to strategically optimize the company's cost structure."
The company indicated it would pay $1 million in severance benefits. A Lifecore representative was not reachable for comment."
https://www.startribune.com/lifecore-biomedical-job-layoff-chaska/600380303/