Location: New Jersey, USA.
Based on news reporting.
Intercept Pharmaceuticals has laid off 146 employees following safety concerns related to one of its drugs, which was linked to several deaths. The layoffs are part of a broader response to the challenges the company faces in ensuring drug safety and maintaining operational efficiency. This decision reflects the company's commitment to addressing these serious issues while navigating the complexities of the pharmaceutical industry. The layoffs took effect in early October 2023, impacting the workforce in New Jersey.
Intercept Pharmaceuticals cut 146 jobs as of October 1, 2023.
That is roughly 73% of the 200 people Intercept Pharmaceuticals employs.
LayoffTalk has tracked 3 layoff events at Intercept Pharmaceuticals since October 2023, affecting a combined 438 employees.
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