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With Bristol Myers latest cuts, biopharma layoffs reach 7,800+

After investing $24 billion in three major acquisitions earlier this year, Bristol Myers Squibb Co. said April 25 it would cut 2,200 employees and discontinue 12 programs in an effort to save $1.5 billion and put the company on track for growth by the end of the decade. The number of jobs lost represent 28% of all biopharma jobs lost so far in 2024 – 7,834, as announced by 82 companies. There were 17,424 jobs lost at 185 companies in 2023 and 18,500 jobs lost at 123 companies in 2022, according to BioWorld data.

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Bristol Myers Squibb Swings To Quarterly Loss, After String Of Multi-Billion Acquisitions

Bristol Myers Squibb Swings To Quarterly Loss, After String Of Multi-Billion Acquisitions
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Stock market today: Live updates

Traders mulled over Meta's results as they awaited a volley of economic data.

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HIV Drugs Market size is set to grow by USD 10 47 billion from 2023-2027, AbbVie Inc , Aspen Pharmacare Holdings Ltd and Aurobindo Pharma Ltd , and more to emerge as Some of the Key Vendors, Technavio

/PRNewswire/ The global HIV drugs market size is estimated to grow by USD 10477.51 mn from 2023 to 2027, according to Technavio. The market is estimated to.

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Novartis Raises Forecast as Sales of New Blockbusters Climb

Novartis Raises Forecast as Sales of New Blockbusters Climb
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