Maravai Life Sciences Cuts 25% of Workforce

Dow Jones08-12

By Natalie Weger

Maravai LifeSciences plans to cut 25% of its workforce.

The company's management committed to the workforce reduction on Friday as part of an organizational restructuring, the San Diego-based life sciences company said Monday.

Maravai is expected to incur restructuring and related costs between $8 million and $9 million. These costs consist primarily of employee severance and benefits costs, the majority of which Maravai expects to recognize in the second half of 2025.

The layoffs come as Maravai posts a wider loss and lower revenue in the second quarter.

The company had a loss of $39.6 million, or 27 cents a share, compared with a loss of $9.79 million, or 7 cents a share, last year. Analysts polled by FactSet expected a loss of 17 cents.

Revenue decreased to $47.4 million, compared with $69.4 million last year. The results were aligned with analyst expectations.

Write to Natalie Weger at natalie.weger@wsj.com

(END) Dow Jones Newswires

August 11, 2025 17:31 ET (21:31 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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