Bris­tol My­ers to cut 108 em­ploy­ees in New Jer­sey

Bris­tol My­ers Squibb plans to let go of 108 em­ploy­ees in New Jer­sey, cit­ing an “evolv­ing” busi­ness mod­el.

The lay­offs, set to go in­to ef­fect Nov. 2, will af­fect em­ploy­ees in Lawrence, Prince­ton, Berke­ley Heights, Pen­ning­ton and New Brunswick, ac­cord­ing to a WARN no­tice filed with the state this month.

Fierce Phar­ma first re­port­ed the lay­offs on Aug. 11.

“As we move for­ward, we are con­tin­u­ing to de­liv­er on our long-term busi­ness strat­e­gy by align­ing re­sources to best sup­port our op­er­at­ing mod­el and our port­fo­lio evo­lu­tion,” a Bris­tol My­ers spokesper­son told End­points News in an email. “Un­for­tu­nate­ly, there were im­pacts to some of our em­ploy­ees as a re­sult of these changes.”

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER