Bristol-Myers Squibb to Lay Off 516 Employees in New Jersey
SOURCENews reportView the filing ↗
What we know
Location: New Jersey, USA.
Based on news reporting.
Summary
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 in NJ as of May 5, 2025.
That is roughly 1.5% of the 34,100 people Bristol-Myers Squibb Company employs.
LayoffTalk has tracked 30 layoff events at Bristol-Myers Squibb Company since November 2022, including 4,575 jobs documented in official WARN filings, with 17 additional events known from news reporting.
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