Verily plans to double its employee headcount at its new Dallas headquarters.
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The San Francisco-based life sciences company announced it would relocate its headquarters to Dallas after establishing a presence in North Texas about three years ago.
Verily Life Sciences LLC, the research division of Alphabet Inc. and a subsidiary of Google parent company (Nasdaq: GOOGL), announced on July 24 that it will relocate its headquarters to Dallas by the end of the third quarter.
Verily plans to expand the space it currently occupies in the Cypress Waters high-rise, previously occupying only the top floor of the 10-storey building, but will now occupy nine floors as well.
Currently, about 60 people work in the Dallas office. Dallas-based CEO Stephen Gillette told the Dallas Business Journal that Verily plans to double the number of employees at its new Dallas headquarters over the next 18 months. Jobs will open up in the coming months and will be focused primarily on human resources, finance, IT, legal and sales.
Gillette added that the decision to name Dallas as the new headquarters had been in the works for several months, since Verily relocated from South San Francisco to San Bruno, Calif., in May, which he said was the catalyst for the move.
“At that point, we had to decide whether to move our headquarters to San Bruno, which is about a mile away, or look at all of our U.S. locations,” Gillette said. “Ultimately, we chose Dallas as the right jurisdiction to locate our headquarters.”
Gillette said he sees the Dallas-Fort Worth region as an emerging hub for healthcare and technology innovation. Verily was founded in 2015 as a biotech data company with a mission to develop tools and devices that collect, organize and leverage health data. The company uses this data to help prevent and manage disease.
He added that he appreciates Dallas’ business-friendly environment and ties to the medical community.
“It’s a growing hub with great talent,” he said, “with great universities, good transport links and an airport nearby.”
Gillette noted that Dallas has also been selected as one of three national sites for the Health Advanced Research Projects Agency, a federal agency that leads high-impact research aimed at providing equitable health care solutions.
The company said it was also moving operations to other office hubs around the country. The biotech’s other major offices are in the Bay Area, Boston and Raleigh, which together employ more than 1,000 people. Verily added that the decision will not affect employees in those offices and that those operations will be maintained.
In early 2023, Verily announced plans to lay off 15% of its workforce, affecting about 240 employees nationwide. Gilbert said at the time that the cuts would not affect many employees in its Dallas office.
The company said it plans to hire 115 employees when it moves to 2999 Olympus Boulevard in the Cypress Waters development in northwest Dallas. The company would take over one floor of the high-rise in June 2022.
North Texas’ medical hub has expanded in recent years as it seeks to compete with other medical centers in the U.S. UT Southwestern Medical Center and Children’s Health announced plans earlier this year to build a $5 billion pediatric medical campus. Additionally, the Dallas County Department of Health and Human Services plans to move into a new $52 million, three-story research facility by August 2025.
