Pharmaceutical Giants Announce Major Layoffs in New Jersey Amid Cost-Cutting Measures
Novo Nordisk and Bristol Myers Squibb (BMS) have unveiled significant workforce reductions in New Jersey, marking a substantial shift in the pharmaceutical landscape as both companies pursue aggressive cost-saving strategies.Novo Nordisk, the Danish pharmaceutical giant, has swiftly implemented its recently announced restructuring plan by laying off 263 employees at its U.S. headquarters in Plainsboro, New Jersey. This move comes as part of a broader initiative to reduce its global workforce by 9,000 employees, representing 11% of the company's total staff.