Did you know?

The company’s layoffs follow plans by Swiss drugmaker Novartis to shed as many as 8,000 employees worldwide. And the biotech giant Biogen in July announced it would eliminate 1,000 jobs as part of a cost-cutting drive. Pharma layoffs in 2023 affected at least 4,000 roles, according to data gathered by BioPharma Dive. Ben Fidler contributed ...May 9 - Pfizer: The pharma, which completed its $43 billion buyout of ADC specialist Seagen in December, has made the “difficult decision” to propose another round of staff reductions and role...AGC Inc., AGC Biologics’ Japanese parent, provided more clarity on the tough contract manufacturing environment earlier this week as it reported a 7% sales decline to 32.5 billion Japanese yen ...Nov 30, 2022 · The layoffs come as the company is cutting costs as revenue from COVID-19 products is in sharp decline. Catalent layoffs claim more than 210 in Maryland, Texas Fierce Pharma by Ryan McBride and Mark Hollmer The general upheaval in the pharma business kept employees on edge and HR departments busy drafting layoff notices last year. Drugmakers slashed thousands of jobs inBy Angus Liu Mar 16, 2023 10:38am. AstraZeneca India layoffs job cuts. AstraZeneca has laid off 103 employees from its primary care division in India, The Hindu reports. (Stock photo/Getty Images ...May 19, 2023 · By Teresa Carey May 19, 2023 6:00am. The Top Line Sarepta Therapeutics Abbott FDA approval. Layoffs have hit biopharma hard over the last year and a half. In this episode Fierce Biotech's Max ... Yuyu Pharma News: This is the News-site for the company Yuyu Pharma on Markets Insider Indices Commodities Currencies StocksSumitomo Pharma Co., a large pharma company based in Japan, in April began combining multiple subsidiaries into one organization, leading to layoffs at Enzyvant. The cuts affected 23 employees ...Published Jul 13, 2023. The pharmaceutical industry is undergoing significant changes in 2023 as companies grapple with challenging economic conditions and the need to reduce costs. Layoffs have ...J&J and Corning put more than 100 New York jobs on the chopping block in latest pharma layoff round. By Fraiser Kansteiner Oct 20, 2022 10:59am. Johnson & Johnson Corning layoffs job cuts.advertisement. The number of layoffs in the U.S. pharmaceutical industry increased considerably last month, and take the year-to-date total above what was seen at the same time in 2023, according ...Of the 1,400 jobs the pharma giant plans to cut in its home country of Switzerland, up to half will be leadership positions, the company said during a media event Monday in Zurich. The company has ...The median round of biotech layoffs this year involved about 40 employees, although at least eight drugmakers, including Fate Therapeutics, Molecular Templates and Sorrento Therapeutics, have each laid off more than 100 staff. BioPharma Dive’s count was compiled via company statements, regulatory filings and “WARN” notices filed with states.Mar 7, 2024 · Layoff tracker: Mapping the 13,000-plus biotech and pharma layoffs in early 2024 Xaira’s $1 billion launch one of the biggest recent biotech funding rounds As biotech struggles, Big Pharma spends and trims workers 20 biotech startups attracted almost $3B in Q1 2024 funding Spurned by Big Pharma collaborators, Sangamo lays off 27% of US staff in latest refocus. By James Waldron Apr 27, 2023 8:55am. Sangamo Therapeutics layoffs Fabry disease neuropathic pain ...

Post-buyout layoffs have come to be expected in the industry. Earlier this month, Biogen cut 113 positions from Reata Pharmaceuticals just weeks after closing its $7.3 billion acquisition of the ...Check Out the Full List. layoffs Generic drugs Novartis Genocea Bluebird Bio Yumanity Johnson & Johnson Copaxone Sandoz Viatris Teva Pharmaceuticals Kaleido Bioscience The Top Line. This week on ...After a round of layoffs in late January cut Amgen’s workforce by 300, the company has put another 450 jobs on the chopping block. The job cuts represent less than 2% of the company’s total ...Feb 9, 2024 ... Have layoffs spooked young professionals ... As young biotechs and clinical-stage companies struggled to finance themselves, big pharma wasn't ...

Apr 10, 2024 ... In Switzerland, 400 to 440 positions in the company's development division are likely to fall victim to the measures over the next two to ...Janssen laying off 4 dozen employees as California plant heads toward closure. Johnson & Johnson picked up a plant in Vacaville, California, nearly 20 years ago with its $10.5 billion buyout of ...…

Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. More than 115 biotech companies have announced layoffs this year,. Possible cause: Layoffs rise 57% YOY in a good, bad and ugly 2023 for biotech. Biopharma layoffs rose 57% .