Grail announces layoffs as it looks to push forward blood-based cancer detection test

Cancer detection firm Grail announced sizable workforce cuts on Tuesday in a bid to save cash and concentrate resources on developing a blood-based test to spot early signs of dozens of cancers.

The cuts will affect 30% of the biotech’s current and planned hires. Grail spokesperson Kristen Davis told STAT in an email that around 350 existing positions and 150 open roles have been eliminated.

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The layoffs were announced on the same day Grail reported its second-quarter financial details, its first time doing so as an independent company since it was divested by DNA sequencing juggernaut Illumina in June. The Bay Area biotech brought in $32 million during the quarter but also reported a net loss of $1.6 billion. In a press release, the company said that the cuts would help it extend its cash reserves from the second half of 2026 into 2028.

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