Princeton, New Jersey-based Bristol Myers Squibb, a major pharmaceutical company, has announced it will continue its multi-year restructuring and cost-cutting initiative.
The current reduction in force impacts 265 employees at its Princeton headquarters and follows the 247 jobs lost in February 202, and 206 jobs lost in April 2026. The phased layoffs are scheduled to begin on December 17, 2026, and continue through May 21, 2027.
CEO Chris Boerner noted that the company is well on its way to delivering the promised savings.
Change is constant, and it's coming. Tomorrow will always come, no matter how much you try to ignore it. Life offers no guarantees, nor promises of a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you wondering, "Am I Next?"