Bms layoffs 2021 May 6, 2025 · While Bristol Myers Squibb has not publicly commented on the latest layoffs, the cuts align with a broader company-wide initiative aimed at reducing costs. That initiative, which will be completed by the end of 2025, includes laying off more than 2,200 employees — with close to […] There are beancounter layoffs every 2-3 years to get rid of dead weight. News about any technological application that uses biological systems, living… Feb 6, 2025 · Bristol Myers Squibb posted fourth quarter revenues of $12. Apr 25, 2024 · Bristol-Myers Squibb will shed 2,200 employees this year as part of a cost-cutting effort to save $1. There were changes made to the law effective April 10, 2023. BMS HR will have each employees layoff package prepared in advance. Sep 11, 2025 · Pharma layoffs in 2025 have surged, with thousands facing job cuts as companies like BMS and Novartis streamline operations. The pharma is looking to save around $1. From retail giants to pharmaceutical leaders, … Mar 11, 2025 · Bristol Myers Squibb is stepping in to buy its Abecma partner 2seventy bio for $286 million, ending the biotech’s tumultuous journey as a singular cancer-focused cell therapy company. ai could be really handy. Jan 2, 2025 · Story August 5 - Bristol Myers Squibb: While working its way through a major restructuring, the pharma has unveiled another round of layoffs, according to a New Jersey WARN report. Meanwhile, Bayer, Bristol Myers Squibb, Novartis and Pfizer have also made noteworthy cuts. Mar 11, 2025 · Bristol Myers Squibb buys 2seventy bio for $286 million, strengthening its cancer portfolio with Abecma CAR-T therapy for multiple myeloma. Subscribe to Intellizence. 83 employees were laid off in total from these layoffs. Mar 5, 2025 · Separately, BMS also disclosed 57 job cuts at its site in Redwood City, California, according to a WARN alert filed with the state on Feb. Explore WARN Notice details, impacted departments, and workforce reduction updates. Jun 30, 2025 · BMS is letting go of 68 employees in Lawrenceville, New Jersey. May 7, 2025 · Bristol Myers Squibb has announced plans to lay off 516 employees at its Lawrence Township, New Jersey facilities, as part of a sweeping cost-saving initiative. 5 billion in costs by the end of next year. The layoffs will take place over the course of the next year, between May 9, 2025 and March 27, 2026. [1] The company's primary products are Apixaban (Eliquis) for people with atrial fibrillation (28% of 2024 revenues); nivolumab (Opdivo), used to treat certain types of cancer (19% of 2024 revenues); lenalidomide (Revlimid), used to treat multiple myeloma, smoldering myeloma Sep 17, 2025 · Novo Nordisk and Bristol Myers Squibb plan nearly 550 New Jersey job cuts as part of global restructuring and cost-saving initiatives. It Labor We are committed to following all laws regarding child labor, forced labor and freedom of association. Some including terms that you forfeit the severance if you accept other employment before the layoff date. May 12, 2023 · Meanwhile, BMS is also planning layoffs starting at the end of the month, which will affect some 48 employees in its Princeton, New Jersey facility which contains its commercial team and global product development and supply teams. The company will begin 223 of those layoffs on Thursday, May 22, and continue them through Friday, Aug. 5B in costs from last year. Dec 16, 2024 · BMS is axing the Immatics and Century partnerships amid its ongoing “ strategic productivity initiative,” first announced with its first-quarter 2024 report in April. 2seventy bio entered the market in May 2021, when it was spun out of bluebird bio, taking with it the BMS-partnered CAR-T therapy Abecma. Reply reply Wide-Tackle5957 • Mar 10, 2025 · Bristol Myers Squibb shed more than 2,000 from its staff in 2024 and is continuing cuts this year as part of a plan to achieve $2 billion in cost reductions by the end of 2027. The executive director of GMSAT was promoted to VP the same day as layoffs. 3,817 employees were laid off in total from these layoffs. a MyoKardia filed 9 WARN layoff notices from Jul 2021 to Nov 2021 in California. May 5, 2025 · LAWRENCE (Mercer) — A pharmaceutical company with New Jersey roots deeper than a century ago has announced another round of massive layoffs. Bristol Myers Squibb is a global biopharmaceutical company committed to discovering, developing and delivering innovative medicines to patients with serious diseases. This decision, while challenging, is part of a broader strategy to optimize operations and improve efficiency. According to official filings with the state, the layoffs will begin May 9, 2025, and continue in phases through March 27, 2026. 7 billion agreement. 5 billion savings drive is beginning to come into focus. Bristol Myers Squibb (BMS) filed 6 WARN layoff notices from Jan 2025 to Jan 2026 in New Jersey. The takeover was formally completed in August 2022, after which Vifor assumed the name CSL Vifor. Apr 22, 2025 · Bristol Myers Squibb Layoffs: 2024–2025 Overview BMS has announced plans to reduce its workforce by more than 2,000 positions. 5 billion in cost savings, the majority of which will be reinvested to fund innovation and drive growth. You can read those changes here. companies across sectors are intensifying job cuts, extending a trend of workforce reductions from 2024, as they prioritize cost-savings and streamline operations amid a challenging economic Deeper insights into layoffs. The pharma also reported modest revenue growth despite taking a 6% sales hit for lung cancer therapy Opdivo. Is this normal? I'm just curious to understand how the layoff and hiring system works! Find listings for the past and upcoming investor events and presentations by Bristol Myers Squibb. Bristol Myers Squibb (BMS) is set to lay off employees on 2025-04-24, affecting multiple locations. We would like to show you a description here but the site won’t allow us. 3. The affected employees belong to Vifor Pharma, which in December 2021 was acquired by CSL in an $11. 1,266 employees were laid off in total from these layoffs. The New Jersey pharma explained May 5, 2025 · Bristol Myers Squibb (BMS) is set to cut its Lawrenceville workforce by 516 people, according to a Worker Adjustment and Retraining Notification Act notice. Apr 25, 2024 · Bristol Myers Squibb will cut 6% of its workforce in a restructuring meant to save $1. 6 billion, primarily driven by higher demand for the Growth Nov 12, 2024 · Orna Therapeutics, part of a buzzy cohort of biotech companies established in the wake of the Covid pandemic, has cut more jobs in its second round of layoffs in the last year. There is no negotiating and not everyone will get the same package. The global pharmaceutical company will lay off 516 employees in Lawrence Township, according to a WARN_Notice_Archive (1) I noticed that BMS has a lot of new openings today when they just laid off 2000 people this week. Jun 4, 2024 · Bristol Myers Squibb recently said it is executing a strategic productivity initiative that will drive approximately $1. How Bristol Myers Squibb Layoffs Impact Employee Careers: Key Insights for 2024 Bristol Myers Squibb Layoffs: What’s Really Going On? May 2, 2025 · Bristol-Myers Squibb filed 29 WARN layoff notices from Nov 2004 to May 2025 in California, Connecticut, Florida, Illinois, Indiana and New Jersey. May 2, 2025 · Roughly two years after securing a former Novartis facility in Illinois to support its CAR-T cancer treatments Breyanzi and Abecma, Bristol Myers Squibb is rethinking its operations at the site. Track layoffs live from WARN reports. For more information about Bristol Myers Squibb, visit us at BMS. It’s also trimming its pipeline of experimental medicines, consolidating its array of Sep 20, 2024 · The hits just keep on coming for Bristol Myers Squibb staffers amid the company's cost-savings program. 4 - Bristol Myers Squibb: As the major cost-cutting initiative at BMS continues, the pharma has launched another round of layoffs in its home state of New Jersey, this time impacting 67 Apr 25, 2024 · Bristol Myers Squibb announced Thursday it is implementing major cost-cutting measures including thinning out its management layers. Find information and tools for investors, stockholders and financial analysts, including share and dividend information, acquisition-related information, latest news and corporate reporting. The California layoffs are slated to take effect by Bristol Myers Squibb is preparing to cut 110 jobs at its Lawrence Township campus between Feb. BioSpace recaps the five largest rounds of layoffs, which included BMS and Novartis cuts. Jan 3, 2025 · Overall, biopharma layoffs rose ever so slightly in 2024 compared to the year before, though the number of layoff rounds across Big Pharma skyrocketed by 281%. The move comes on top of a plan to reduce $1. In light of these layoffs, if you or someone you know in the pharma industry is facing job uncertainty, tools like mobiusengine. revenues increased 9% to $8. Chief Finance . 5 billion by the end of 2025, executives revealed during this week’s earnings call with analysts. The pharma has now cut over 1,000 employees there since April 2024 as part of its cost-cutting measures. U. Apr 25, 2024 · Bristol Myers Squibb will lay off 2,200 employees as part of an effort to save $1. May 6, 2025 · Bristol Myers Squibb is yet another example of a Big Pharma company pledging a multibillion dollar investment in the U. Then there are big changes in direction that lead to everyone in an area or site being cut. In 2023, BMS commenced a restructuring plan to accelerate the delivery of medicines to patients by evolving and streamlining its enterprise operating model in key areas, such as R&D, manufacturing, commercial and other functions, to ensure its operating model supports and is appropriately aligned with the Company’s strategy to invest in key 6 days ago · Intellizence has curated a list of major companies that have announced mass layoffs, job cuts, downsizing, hiring freezes, and furloughs. Sep 17, 2025 · Bristol Myers Squibb and Novo Nordisk are dismissing 282 and 263 employees respectively from their headquarters facilities in New Jersey. Here's our take We would like to show you a description here but the site won’t allow us. Sep 18, 2025 · Both BMS and Novo Nordisk have, in recent months, announced steep layoffs as they strive to cut back on costs. The federal law, known as the Worker Adjustment and Retraining Notification (WARN) Act, requires covered employers to provide 60 days’ prior written notice to employees, their representatives, and Feb 4, 2025 · As the major cost-cutting initiative at Bristol Myers Squibb rolls on, the company has launched another round of layoffs in its home state of New Jersey. Apr 26, 2024 · Is there a connection between Bristol Myers Squibb’s announcement that it will reduce its headcount by 6% and the company’s recent acquisitions of Karuna, Mirati and RayzeBio? This week, several Big Pharma companies reported first-quarter 2024 financial results. The dramatic upheaval of the BMS business, spurred when CEO Chris Boerner took the helm in 2023, has been painful, with layoffs and program discontinuations. S. May 7, 2025 · In May 2025, Bristol Myers Squibb notified the New Jersey Department of Labor & Workforce Development of its decision to conduct a mass layoff at its facility in Lawrence Township, New Jersey. 5 billion in costs by the end of 2025. Chief Finance Officer David Elkins said that the job cuts are Feb 6, 2025 · BMS stepped up its cost-cutting plan, revealing an initiative to save $2B. Get the latest Bristol-Myers Squibb Company (BMY) stock news and headlines to help you in your trading and investing decisions. Any restatement or summary of the law, which is contained on this webpage, is intended for informational purposes only. The most recent workforce reduction involves 79 employees who will leave the company between Dec. 154 votes, 90 comments. The New Jersey-based pharma giant announced on Monday that it will be pouring $40 billion Daily Job Cuts - Full updated list of Who's Hiring , Jobs, Layoffs 2025, 2024, Layoff , Business and Economic News Find Bristol Myers Squibb's annual reports, Form 10-Ks and annual reviews here. 3 billion, an increase of 8%, or 9% when adjusted for foreign exchange impacts, primarily driven by the Growth Portfolio and higher demand for Eliquis, partially offset by the impact of generics on Sprycel, Revlimid, Abraxane and Pomalyst. None of our operations have been identified as having significant risk for incidents of child labor or forced labor. 5 billion in cut costs by the end of 2025. Aug 11, 2023 · News of fresh layoffs comes after the company posted disappointing second-quarter earnings results and relayed that it now anticipates a revenue decline in 2023. I envy the people who get to leave. Finally, Roche cut 165 jobs in its Branchburg, New Jersey facility, which houses its diagnostic operations center. Jul 10, 2025 · Examine the latest BMS layoffs crisis: Explore the impact on the company, job market, and industry trends. Apr 10, 2023 · In the event of mass layoffs and closings, employers should browse this page to understand their responsibilities to their workers. Uncover the reasons behind these cuts and discover potential future implications for employees and businesses. The layoffs will affect some 2,200 employees, the company said Thursday. Apr 25, 2024 · PRINCETON, N. The drugmaker is laying off an additional 79 staffers in Lawrenceville, New Jersey Aug 5, 2024 · Bristol Myers Squibb, while working its way through a major restructuring, has unveiled another round of layoffs in New Jersey. as the Trump administration tries to woo drugmakers to boost their domestic operations. Stay informed on the evolving situation. 5bn before the end of this year, backed by 2,200 job cuts, adding a target of another $2bn by end-2027. The Department of Labor and Workforce Development Nov 5, 2025 · Explore Bristol Myers Squibb's latest press releases to learn more about our company, our medicines, research innovation and other news as we work to support patients fighting serious disease. Jul 17, 2025 · Bristol Myers goes direct-to-consumer on one of its blockbuster drugs. BMS was previously projecting a Apr 10, 2025 · Hundreds of New Jersey workers will be out of a job this year as several major companies slash their workforces, according to state WARN (Worker Adjustment and Retraining Notification) filings. 135K subscribers in the biotech community. Nov 25, 2024 · BMS has executed another round of layoffs in its ongoing cost-savings push, handing pink slips to 195 more employees in Lawrenceville, N. 5 billion in costs by the end of 2025, including laying off more than 2,000 employees. In Lawrenceville, BMS plans to cut 117 jobs, the company disclosed Aug 5, 2024 · Bristol Myers Squibb, while working its way through a major restructuring, has unveiled another round of layoffs in New Jersey. Bayer Following two rounds Sep 23, 2024 · Bristol Myers Squibb’s latest layoffs in Lawrenceville, New Jersey, bring the total number of employees being cut there this year and in 2025 to 1,134, according to Worker Adjustment and Retraining Notification Act notices. May 5, 2025 · Bristol Myers Squibb plans to cut 516 jobs in NJ as part of a $2B cost-saving initiative, bringing total layoffs this year to over 800. k. He called everyone into a meeting and it was the most tone deaf inconsiderate garbage on par with the "evil corporation" trope. Mar 3, 2025 · Bristol Myers Squibb will lay off at least 290 employees in 2025, according to a Worker Adjustment and Retraining Notification (WARN) notice in February. 1. The global pharmaceutical company will lay off 516 employees in Lawrence Township, according to a May 6, 2025 · Business & Tech Pharma Giant To Lay Off Hundreds In New Jersey The company said the layoffs will start this month and continue through early next year, according to a notice filed with the state. A company spokesperson confirmed the layoffs to the Daily Voice on Monday, Mar. Explore comprehensive information about our products including dosage and safety information. Sep 18, 2025 · This year, Novo Nordisk and Merck announced significant layoffs, with Novo planning to axe about 9,000 employees and Merck projecting it could let go of roughly 6,000. May 6, 2025 · Bristol Myers Squibb Chris Boerner pharma CEO Donald Trump tariffs layoffs U. Feb 26, 2024 · About Bristol Myers Squibb Bristol Myers Squibb is a global biopharmaceutical company whose mission is to discover, develop and deliver innovative medicines that help patients prevail over serious diseases. Learn how these government-reported layoffs are affecting levels, roles & salaries. 3 days ago · Feb. Dec 2, 2024 · Another wave of layoffs is set to impact New Jersey’s pharmaceutical sector, with Novartis and Bristol Myers Squibb disclosing more cuts. Bristol Myers Squibb plans to cut 516 workers based May 13, 2025 · The number of employees laid off increased year over year during the first quarter. 5 billion by the end of 2025. Bristol Myers Squibb focuses on developing new medicines to address the unmet medical needs of patients with serious diseases. Oct 2, 2024 · Another wave of layoffs is set to hit New Jersey’s health sector, with Bayer, Bristol Myers Squibb and Johnson & Johnson all disclosing planned workforce reductions. This month, the company reported that 57 staffers at a California facility specializing in the tumor microenvironment will get the axe. The announcement comes a month after the company said it planned to lay off 67 workers at its Lawrenceville facility. Mar 5, 2025 · Bristol Myers Squibb is moving forward with another round of layoffs as it seeks to trim $1. In addition to the New Jersey layoffs, BMS had previously announced plans to reduce its global workforce by approximately 3,300 positions, representing about 5% of its total employees. “We had a good start to 2024, with revenue growth, important advances in our pipeline and the closure of several strategically important transactions,” said Christopher Boerner, Ph. In Lawrenceville, BMS plans to cut 117 jobs, the company disclosed in a Worker Adjustment and Retraining Notification notice. Aug 13, 2019 · Bristol-Myers Squibb Layoffs 2025 This is a master thread about Bristol-Myers Squibb layoffs? Any chatter, news or rumors? The layoffs will take effect on Dec. Nov 13, 2025 · Get the latest news and real-time alerts from Bristol-Myers Squibb Company (BMY) stock at Seeking Alpha. BMS has its headquarters and a location housing its commercialization and late-stage development teams in Lawrenceville. In general it will have the layoff date, severance, stock vesting, insurance (cobra), and other information. FDA Department of Health and Human Services (HHS) National Institutes of Health (NIH) Politics drug manufacturing 8 hours ago · A new wave of layoffs continues to sweep the country, this time across the pharmaceutical and healthcare sectors, with Merck, Bristol Myers Squibb, Novartis, and multiple UnitedHealth Group Optum divisions filing advance notices of job cuts extending well into 2026. In its fourth-quarter 2024 earnings release, BMS announced plans to achieve $2 billion in additional savings by the end of 2027 through organizational redesign and operational streamlining. Bristol Myers Squibb will not tolerate practices that violate the intent of our Mission and Commitment. over five years, the latest pharmaceutical giant to bolster its domestic spending amd threatened tariffs on drug imports. BMS’ latest workforce reduction affects Bristol-Myers Squibb f. Mar 27, 2025 · September 2024 Bristol Myers Squibb’s most recent layoffs in Lawrenceville, NJ, involve 79 employees, effective between December 12 and May 30, bringing the total number of positions cut at the site to 1,134, according to Worker Adjustment and Retraining Notification Act notices. D May 5, 2025 · Bristol Myers Squibb is making yet more cuts to its Lawrenceville, New Jersey, workforce, this time axing 516 people, according to a Worker Adjustment and Retraining Notification Act notice. Nov 6, 2025 · Don’t miss out on understanding the full story behind these layoffs and what it could signal for future innovations in healthcare and medicine. -- (BUSINESS WIRE)-- Bristol Myers Squibb (NYSE: BMY) today reports results for the first quarter of 2024, which reflect meaningful progress in the company's growth portfolio and pipeline. The New Jersey biotech sector suffered a major blow on Wednesday with both Novo Nordisk and Bristol Myers Squibb announcing hundreds of layoffs, set to take place through the first quarter Power Wellness Management LLC as manager for the Virtua Fitness Canter-Moorestown Feb 6, 2025 · BMS is extending its bid to cut costs by $1. | Overall, biopharma layoffs rose Bristol-Myers Squibb Company is an American multinational pharmaceutical company headquartered in Princeton, New Jersey. Apr 25, 2024 · Bristol Myers Squibb is the latest large pharma to wield the restructuring ax, with plans to cut $1. The pharmaceutical giant has confirmed that 280 employees will lose their jobs, with 223 layoffs set for Lawrenceville, New Jersey, and 57 for Redwood City, California Feb 6, 2025 · Pharma giant Bristol Myers Squibb is planning another round of cost cutting as part of a broader restructuring plan. com or follow us on LinkedIn, Twitter, YouTube, Facebook, and Instagram. May 5, 2025 · Bristol Myers Squibb is removing hundreds of its New Jersey employees over the next seven months. 5 billion through 2025 and has put around 2,200 jobs on the chopping block by year-end and will reduce management layers. Jun 5, 2024 · The scope of Bristol Myers Squibb’s $1. J. 12 and March 13, 2026, the latest in a steady stream of layoffs across the site. 12 and May 30. It's this cool AI-assisted service that can apply to a bunch of jobs for you. | Starting this month, BMS will begin the process of laying off around 863 employees in May 5, 2025 · Bristol Myers charts 500-plus new layoffs in New Jersey following expanded cost-savings drive By Fraiser Kansteiner May 5, 2025 6:55pm Bristol Myers Squibb layoffs job cuts biopharma industry Jun 30, 2025 · Bristol Myers Squibb to cut 68 jobs in Lawrenceville as part of a broader restructuring effort aiming to slash $2B in costs by 2027. I work at BMS. The layoffs will come in multiple waves starting May 9 and ending March 27, 2026. Dec 31, 2024 · While layoffs slowed in the second half of 2024, biopharmas including Bayer, Bristol Myers Squibb and Johnson & Johnson cut hundreds or even thousands of employees over the course of the year. Dec 10, 2024 · BMS has announced plans to lay off 195 employees across its two facilities in Lanceville, New Jersey as part of a broader cost-cutting initiative. 26. Feb 6, 2025 · Bristol Myers Squibb’s strategic re-organization rolls on with an additional $2 billion in savings through 2027 on top of an ongoing program that had targeted $1. 6 days ago · U. May 6, 2025 · Bristol-Myers Squibb will invest $40 billion in the U. dxnblu tosnjavo oigu unfq mftqc mrnyuc tejg rcvj pspkmc lswdy gqmtt vcbfi yrg krq jrbrru