Bristol-Myers Squibb Company (BMY) will relocate hundreds of workers to a new central research hub in Cambridge, Mass. which will open in 2018, the company told BioSpace Thursday, while laying off 100 workers from its discovery staff, primarily in Connecticut. “One hundred positions will be eliminated as a result of the Discovery virology research decision,” […]

Boston, Mass.-based PAREXEL International (PRXL), a contract research organization (CRO), in conjunction with its earning guidance Tuesday, also indicated it would be laying off 850 people as part of restructuring. The restructuring process is company-wide with the goal of improving productivity and efficiency, simplifying the company’s organization and streamlining decision-making. As part of the job […]

Eighteen executives at Ranbaxy Laboratories, including Indrajit Banerjee, the company president and chief financial officer, were terminated by parent company Sun Pharmaceutical Industries Ltd., the Economic Times of India reported this morning. More pink slips are expected to be delivered as Ranbaxy undergoes a restructuring following acquisition by Sun Pharma, the International Business Times reported. […]

June 15, 2015By Mark Terry, BioSpace.com Breaking News Staff Zoetis (GZTS), a spinoff of Pfizer Inc. (PFE), filed a WARN notice with the State of New Jersey last week indicating it planned to cut about 165 jobs by Dec. 31, 2016. WARN notices are part of the Worker Adjustment and Retraining Notification Act of 1989. […]