Bristol Myers Squibb has executed another round of layoffs in its ongoing cost-savings push. The company has handed pink slips to 195 more employees, according to a New Jersey Worker Adjustment and Retraining Notification (WARN).
The dismissals will be effective between Feb. 13 and Dec. 31 of next year and will take place in Lawrenceville, New Jersey, where the dr-gmaker has two sites. BMS confirmed the layoffs but did not say where they will take place between its corporate headquarters on Route 206 and its Princeton Pike location, which houses BMS’ commercial and late-stage development teams.
The new wave of layoffs hike the count to 1,329 BMS employees in Lawrenceville who have been told this year that they will lose their jobs, according to the WARN rolls. In May alone, the company reduced its head count in Lawrenceville by 963. Those dismissals will be complete by Dec. 16.
https://www.fiercepharma.com/pharma/bristol-myers-squibbs-cost-cuts-roll-195-layoffs-nj