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.”

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