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REPORTED · NEWSPublished Dec 10, 2025

Bristol-Myers Squibb Announces Hundreds of Layoffs in New Jersey

EMPLOYEES AFFECTED
300
SHARE OF WORKFORCE
~0.9%
EFFECTIVE DATE
Oct 1, 2023
300 OF 34,100 EMPLOYEES

What we know

Location: New Jersey, USA.

Based on news reporting.

Summary

Bristol-Myers Squibb Company has announced the layoff of approximately 300 employees at its New Jersey facility. This decision comes as part of a broader restructuring effort aimed at streamlining operations and reducing costs. The layoffs are expected to take effect immediately, impacting various departments within the company. Bristol-Myers Squibb has cited the need to adapt to changing market conditions and enhance operational efficiency as key reasons for this workforce reduction. The company remains committed to its core mission while navigating these challenging economic circumstances.

Bristol-Myers Squibb Company cut 300 jobs as of October 1, 2023.

That is roughly 0.9% 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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SOURCE
News reporting
View original source ↗
B
Bristol-Myers Squibb CompanyBMY
Healthcare · 34,100 employees
27
EVENTS TRACKED
8,528
AFFECTED SINCE 2023
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CREATED DEC 10, 2025LAST UPDATED APR 22, 2026