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REPORTED · NEWSPublished Dec 10, 2025

Bristol-Myers Squibb to Cut Over 500 Jobs in Restructuring Effort

EMPLOYEES AFFECTED
500
SHARE OF WORKFORCE
~1.5%
EFFECTIVE DATE
May 6, 2025
500 OF 34,100 EMPLOYEES

What we know

Location: Lawrenceville, New Jersey.

Based on news reporting.

Summary

Bristol-Myers Squibb Company has announced plans to cut over 500 jobs as part of a restructuring initiative. This decision reflects the company's efforts to streamline operations and adapt to changing market conditions. The layoffs are part of a broader strategy to enhance efficiency and focus on key areas of growth. While specific details regarding the affected locations and departments have not been disclosed, the move underscores the company's commitment to optimizing its workforce amidst ongoing challenges in the pharmaceutical industry.

Bristol-Myers Squibb Company cut 500 jobs as of May 6, 2025.

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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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 DEC 28, 2025