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2025-11-18 23:42
- Merck (MRK) and Bristol Myers Squibb (BMY) have announced additional layoffs at their New Jersey facilities as part of cost savings efforts.
- Merck will let go of 204 employees in Rahway, which will take place from Feb. 20-May 11, 2026.
- Bristol is parting ways with 110 employees at its Lawrence Township site, which will take effect from Feb. 12-March 13, 2026. The Lawrence Township location was hit with a 68 employee reduction in June, followed by another 282 announced in September.
- Also in September, Novartis (NVS) said it would be laying off 60 employees in East Hanover in 2026.
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- Merck’s Winrevair hits mid-stage trial success in new lung indication
- Key deals this week: Merck, Day One Biopharmaceutical, ABN AMRO, Revvity, Centerspace and more
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