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Home Commercial Bristol Myers Squibb to Shutter 256,000 SQFT Redwood City Facility, Adjusts 2024 Earnings Guidance
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Bristol Myers Squibb to Shutter 256,000 SQFT Redwood City Facility, Adjusts 2024 Earnings Guidance

April 26, 20241 Mins read1.1k
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Bristol Myers Squibb, Redwood City, Brisbane
Image courtesy of Bristol Myers Squibb media library
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Another day, another round of life sciences layoffs. This time, the spotlight falls on Bristol Myers Squibb, the New Jersey-based pharmaceutical giant. The company has announced a sweeping plan to shed 2,200 jobs and save $1.5 billion by 2025. This story has become eerily familiar in the biotech sector. Rising economic pressures have put companies […]

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