UPCOMING · ESTIMATED✓ VERIFIEDPublished Sep 25, 2026

BMS Files WARN for 265 Planned Layoffs at Princeton Site Through May 2027

SOURCEOFFICIAL FILINGNew Jersey Department of Labor and Workforce DevelopmentView the filing ↗

EMPLOYEES AFFECTED

265

SHARE OF WORKFORCE

~0.8%

PLANNED DATE

Dec 17, 2026 – May 21, 2027

CONFIRMED IN SOURCE

265 OF 34,100 EMPLOYEES

What we know

Location: Princeton, New Jersey.

Department affected: corporate headquarters.

The layoff is planned between December 17, 2026 and May 21, 2027.

Disclosed through an official WARN filing with the NJ state workforce agency.

Summary

Bristol Myers Squibb (BMS) has filed a WARN notice indicating 265 employees at its Princeton, New Jersey location will be cut in a round of layoffs scheduled to take place over several months beginning Dec. 17 and running through May 2027. Since 2024 the company has cut 2,200 jobs worldwide, including 1,700 in New Jersey, with prior New Jersey rounds of 247 and 206 layoffs earlier in the year cited as background. The reductions are part of a restructuring program launched in February 2025 intended to save money for reinvestment in research and drug development across oncology, hematology, fibrosis and cardiovascular disease. The company says it has saved over $1 billion so far and the planned Princeton cuts are covered by New Jersey WARN filing requirements; a spokesperson did not provide further details.

Bristol-Myers Squibb Company disclosed this layoff in an official WARN (Worker Adjustment and Retraining Notification) notice recorded by the NJ state workforce agency. The notice covers 265 employees in Princeton, NJ, with the layoff effective December 17, 2026.

That is roughly 0.8% of the 34,100 people Bristol-Myers Squibb Company employs.

LayoffTalk has tracked 31 layoff events at Bristol-Myers Squibb Company since November 2022, including 4,840 jobs documented in official WARN filings, with 17 additional events known from news reporting.