In a recent Worker Adjustment and Retraining Notification (WARN) notice sent to state officials in Texas, Reata said it's cutting 113 positions. The layoffs will take effect late next... — read more
Biogen (NASDAQ:BIIB) exceeded Wall Street forecasts with its Q2 2023 results on Tuesday and announced a new cost savings program including plans to reduce about 1,000 employees as the company shifts its resources to newly approved... — read more
I've been hearing about mass layoffs in tech, mass layoffs in banks, but has anybody heard about recent layoffs at biotech companies? I don't think so, because we are one of the rare segments that are currently not going through a crisis. I'm not... — read more
Biogen CEO Plots A Slow Return To Growth As Revenue Set To Shrink Again In 2023 Cost Cuts, R&D Prioritization, Deals All On The... — read more
Get ready https://www.wsj.com/articles/biogen-ceo-to-step-aside-after-alzheimers-dr-g-struggles-11651580472
I don't know who needs to hear this (if anybody) but you'll be okay. I was laid off years ago and while at the time things seemed bleak to me - to put it mildly - it took me less than a month to find a new position with roughly the same pay and... — read more
Biogen, struggling to sell Alzheimer's dr-g, begins layoffs to save money The layoffs, which Biogen declined to detail, are part of a previously disclosed effort to cut costs by $500... — read more
With aduhelm essentially dead and the group leaderless, how long before Biogen abandons the treatment? Guess CEOs picture in the lobby, next to the Nobel Prize winning company founders, should be taken down. Needing $500M of savings, I imagine... — read more
We're screwed. https://www.barrons.com/articles/biogen-biib-cuts-price-alzheimers-dr-g-aduhelm-51640007518
When I saw how this company cuts people who have been loyal and hard workers for years, I regret staying here even a month, let alone seven years which I've spent here. It's a real shame! Although, maybe there's something good about all this?... — read more
Over 200 employees laid off today due to failed dr-g
Biogen Agrees To Pay $22 Million To Resolve Alleged False Claims Act Liability For Paying Kickbacks https://www.justice.gov/opa/pr/biogen-agrees-pay-22-million-resolve-alleged-false-claims-act-liability-paying-kickbacks
This company hires talent and after few months say moving your jobs to other state. Then reduce the salary be very careful. This company hires us and after few months told us to move to another state. Then reduce the salary, be very careful. When... — read more
Biogen laid off few of us and Last Friday was our last day. Can we get more info on this?
Marketing Biogen hit back at whistleblowing sales manager, jury finds, levying $6M in damages https://www.fiercepharma.com/pharma/jury-orders-biogen-to-pay-6m-to-former-sales-manager-discrimination-retaliation-case
Next layoff coming soon - any one have any detail
It's odd that with all the buildings so close together, that no one seems to hear about all the small layoffs that go on here all the time. The QC dept was all jist laid off at the end of May. Before that all of camb mfg was laid off in Dec
Last Wednesday it was announced that Biogen will eliminate 880 jobs - 400 in the central location - they plan to promptly end several ongoing research and development programs - This large restructuring activity, the biggest so far for Biogen, is... — read more
Why so quiet...
Fun, Fun, Fun
And so it begins this week right? Does anyone know if previously granted restricred stock is vested or taken back at layoffs?
Reorganization a began with ClinOps last year and many cut. This year it is R and D Quality/Compliance. Approx 85% lost their jobs in this dept last week. Quality is often the first to go. Not too smart.
Not only 2013, we have cuts right now as well
Biogen Idec eliminated over 600 jobs last year (2013) - we did close San Diego site as well.