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Tech company closing isn’t sign of Baltimore tech collapse

February 8, 2024
Baltimore Skyline

It can be tempting to think of Baltimore’s burgeoning tech ecosystem as a kind of Jenga tower, fearing that the whole thing will crumble when you pull out one block. Those worries surfaced last week when Wisconsin-based Exact Sciences announced it was closing its Baltimore office, laying off 58 employees. The cancer-diagnostics giant, which employs 6,400 people, bought Thrive Earlier Detection, a Johns Hopkins Technology Ventures spin-out, in a 2020 deal worth a whopping $2.15 billion.

Article Source: The Baltimore Banner

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