Location: New Jersey, USA.
Based on news reporting.
Bristol-Myers Squibb Company has announced that it will lay off 516 employees from its workforce in New Jersey. This decision is part of a broader restructuring effort aimed at streamlining operations and reducing costs. The layoffs are expected to take effect on October 1, 2023. The company has not specified which departments will be affected by these job cuts. This move reflects ongoing challenges in the pharmaceutical industry as companies adjust to changing market conditions and financial pressures.
Bristol-Myers Squibb Company cut 516 jobs as of October 1, 2023.
That is roughly 1.5% of the 34,100 people Bristol-Myers Squibb Company employs.
LayoffTalk has tracked 27 layoff events at Bristol-Myers Squibb Company since October 2023, affecting a combined 7,522 employees.
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