Location: Kenilworth, New Jersey, USA.
Based on news reporting.
Merck & Co. has announced layoffs affecting 500 employees as part of a restructuring plan following a decline in sales of its Gardasil vaccine. The layoffs are set to take place in Kenilworth, New Jersey, where the company is adjusting its workforce in response to changing market conditions. This decision comes amid broader challenges in the pharmaceutical industry, as companies reevaluate their operations and focus on efficiency. The layoffs are expected to help Merck streamline its processes and improve profitability in light of recent financial pressures.
Merck & Co., Inc. cut 500 jobs as of October 1, 2023.
That is roughly 0.7% of the 70,000 people Merck & Co., Inc. employs.
LayoffTalk has tracked 40 layoff events at Merck & Co., Inc. since October 2023, affecting a combined 14,671 employees.
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