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

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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