Bristol-Myers Squibb Layoffs 2024: What to Know About the Latest BMY Job Cuts

Bristol-Myers Squibb (NYSE:BMY) layoffs are a hot topic on Thursday after the biopharmaceutical company announced major cuts are coming to its workforce.Bristol-Myers Squibb has revealed that it will reduce its headcount by 6%, or roughly 2,200 employees, with these layoffs. The company is expecting this will save it $1.5 billion per year by 2025.These job cuts come after the company completed recent acquisition of Karuna and RayzeBio. It’s also worth mentioning that Bristol-Myers Squibb’s Q1 earnings repor ...