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Cost Cutting

Business
Pharmaceutical Company Laying Off 290 NJ Workers Amid Massive Cost-Cutting Push Pharmaceutical Company Laying Off 290 NJ Workers Amid Massive Cost-Cutting Push
Pharmaceutical Company Laying Off 290 NJ Workers Amid Massive Cost-Cutting Push Nearly 300 employees in Lawrenceville will lose their jobs as part of a pharmaceutical company's major cost-cutting measures, officials said. Bristol Myers Squibb will lay off at least 290 employees in 2025, according to a Worker Adjustment and Retraining Notification (WARN) notice in February. A company spokesperson confirmed the layoffs to the Daily Voice on Monday, Mar. 3. The company will begin 223 of those layoffs on Thursday, May 22, and continue them through Friday, Aug. 1.  "We are optimizing operations across the company while prioritizing investments in innovative and t…

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by Chris Spiker
Business
Bed Bath & Beyond Cutting Nearly 3,000 Jobs Starting Immediately Bed Bath & Beyond Cutting Nearly 3,000 Jobs Starting Immediately
Bed Bath & Beyond Cutting Nearly 3,000 Jobs Starting Immediately Bed Bath & Beyond will cut nearly 3,000 jobs under a plan to cut costs and streamline operations. Jobs will start to be eliminated immediately, the company said in a statement on Tuesday, Aug. 25. "In conjunction with the organizational realignment, the company has implemented a significant workforce reduction of approximately 2,800 roles from across its corporate headquarters and retail banner stores, effective immediately," the statement said.  "This action is designed to further reduce layers at the corporate level, significantly reposition field operations to better serve…

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by Joe Lombardi