Takeda announced plans to cut approximately 4,500 employees globally. This makes May 2026 the most significant month for biopharma layoffs this year. As of May 15, 6,739 biopharma employees were laid off or planned for reduction. This total exceeds February's 3,713 and May 2025's full month total. Despite fewer companies making cuts, the overall number of affected employees is rising.
https://www.biospace.com/job-trends/takeda-cuts-send-layoffs-soaring-in-may-rising-year-over-year