AM I NEXT? NO LOVE AT BRISTOL-MYERS SQUIBB (UPDATED)

 Am I Next? Bristol-Myers Squibb Layoffs, Closings, Restructuring

UPDATE: NOVEMBER 5, 2018 SEATTLE LOCATION SHUT DOWN

Bristol-Myers Squibb has announced that it will be closing its Lake Union Steam Plant location in Seattle, Washington and laying off 63 workers in the process.

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Bristol-Myers Squibb, a major pharmaceutical company headquartered in New York City, New York has announced the layoff of 149 employees as it prepares to close its Wallingford, Connecticut, research facility.  

According to a previously announced restructuring plan, the company plans to cluster its research and developments around Lawrenceville, New Jersey, Cambridge, Massachusetts, and Redwood City, California. Additional layoffs in Hopewell, New Jersey, and Seattle, Washington are anticipated in the near future. At that time, CEO Giovanni Caforio, M.D. noted, “These important changes to our U.S. geographic footprint will ensure we have the structural, operational and financial flexibility to deliver as effectively as possible on our mission for patients.

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