Pharma/biopharma/healthcare cuts surge; NJ WARN at four-year highs
Key Questions
Which pharmaceutical companies have announced recent layoffs?
Takeda is cutting 4,500 positions, Bristol Myers Squibb over 1,000 in New Jersey, and others including Novartis (76), AbbVie (85 in Irvine), Johnson & Johnson (56), and Merck (88 in Rahway). These reductions continue systematic cost-cutting across the pharma and healthcare sectors.
What is the status of WARN notices in New Jersey this year?
New Jersey WARN notices have reached 7,600+ year-to-date, hitting four-year highs with new filings such as Merck's 88 in Rahway. Additional healthcare impacts include Greenwood Leflore Hospital's delayed closure to July 31 and Chandler Hall senior living affecting 220 positions.
What layoffs are planned at the Bausch + Lomb facility in Kirkwood?
Bausch + Lomb will lay off 119 workers at its Kirkwood, MO plant in the fall under a proper WARN filing. This is part of the broader surge in pharma and biopharma job reductions.
Takeda 4.5k; AbbVie Irvine 85; Novartis NJ 76; BMS NJ >1k; J&J 56; PacificSource 97 Oregon; NJ WARN YTD now 7,600+ with new Merck 88 Rahway filing. Greenwood Leflore Hospital pushed back closure to July 31. Chandler Hall senior living 220 affected. Bausch+Lomb 119 layoffs in Kirkwood MO (proper WARN). Pharma sector continues systematic reductions under cost-cutting pretexts.