Roughly a month after sharing that it would cut about half of its workforce, Leap Therapeutics has announced it will axe 75% of its staff over the next two months. The Cambridge, Massachusetts–based biotech is also winding down research and development activities and exploring strategic options that could include a sale, according to a June 23 SEC filing. The latest cuts affect 75% of the workforce, according to the filing, and will be carried out over two phases: one on or about June 30 and the second on or about July 31. The first round will include the departure of Augustine Lawlor, chief operating officer, while the second will include the exit of Cyndi Sirard, chief medical officer. Based on Leap having 52 full-time employees as of Dec. 31, according to its annual report, and the cuts detailed in a May 13 SEC filing, the company could have fewer than 10 staffers once the layoffs are complete.
