Valneva Announces Broad Layoffs Due to ‘Adverse Trend’ in Travel Vaccines

The vaccine maker also downgraded its sales forecast for 2026.
Valneva Announces Broad Layoffs Due to ‘Adverse Trend’ in Travel Vaccines
The logo of Valneva at the company's headquarters in Saint-Herblain, France, on July 30, 2020. Jean-Francois-Moiner/AFP via Getty Images
Zachary Stieber
Zachary Stieber
Senior Reporter
|Updated:
0:00

French vaccine maker Valneva said on May 13 it is planning to lay off 10 to 15 percent of its workforce, due to declining uptake of vaccines for travel.

Valneva said in a statement that its outlook has been impacted by “an emerging adverse trend in travel vaccine uptake across key markets, driven by geopolitical factors.”

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Zachary Stieber
Zachary Stieber
Senior Reporter
Zachary Stieber is a senior reporter for The Epoch Times based in Maryland. He covers U.S. and world news. Contact Zachary at [email protected]
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