Bristol Myers Squibb has announced plans to lay off another 265 employees connected to its corporate headquarters in New Jersey. The move adds to a series of job cuts the pharmaceutical company has disclosed this year in the state.
With the latest reduction, the total number of job cuts Bristol Myers Squibb has announced in New Jersey during 2025 comes to more than 700. The company has not provided further details about which specific roles or functions are affected by this round.
The cuts continue a pattern of workforce reductions at the drugmaker, which has been adjusting its operations amid a broader industry focus on cost control. No additional information about future layoffs was included in the announcement.