From what I can tell, Novo Nordisk (9,000 employees), Merck (~6,000 employees), Bayer, BMS, Novartis, and Pfizer have all announced major layoffs. Should we anticipate a similar announcement from Illumina soon, or is it more likely in Q4?
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Novo Nordisk cuts US obesity education team as layoffs begin
Wegovy maker Novo Nordisk has cut a U.S. sales team focused on obesity and diabetes education for healthcare providers, according to two sources close to the company and LinkedIn posts reviewed by Reuters, an early sign of the dr-gmaker's push to cut costs and regain ground on rival Eli Lilly.
https://www.reuters.com/business/world-at-work/novo-nordisk-cuts-us-obesity-education-team-layoffs-begin-say-sources-online-2025-09-18/
As long as analysts are happy, it's all good, I guess
Novo Nordisk (NASDAQ Copenhagen: NOVO-B) inflicted much pain—and much-needed pain—on the company when president and CEO Maziar (Mike) Doustdar announced plans to lay off about 9,000 of its 78,400 employees, a spot check of analyst comments by StockWatch found this past week.
https://www.genengnews.com/gen-edge/stockwatch-analysts-see-pain-and-necessity-in-novo-nordisks-9000-layoffs/
Novo Axes 9,000 Employees Worldwide
Novo Nordisk is cutting some 9,000 staff across its global operations in a bid to generate around $1.25 billion in annualized savings through 2026.
The layoffs amount to an 11% headcount reduction, according to BMO Capital Markets.
https://www.biospace.com/business/novo-axes-9-000-employees-worldwide-as-new-ceo-makes-good-on-cost-reallocation-promise
CSL/Behring
Title: CSL Overhauls Business With Vaccine Spinout, 15 percent Layoffs
Company/Org: CSL
News Source: BioSpace
Location: Various, Global
Summary: CSL plans to spin out its vaccine business and reduce headcount by about 15 percent, targeting 500 to 550 million dollars in annualized savings over three years.
URL:https://www.biospace.com/business/csl-overhauls-business-with-vaccine-spinout-15-layoffs
Any updates on layoffs?
With more bad news about the company coming out, layoffs are starting to feel closer and more likely. The outgoing CEO did say a couple of weeks ago that they might become unavoidable. Wondering if anyone’s heard anything new.
WARN Notice Details for Merck
- Merck & Co. (Rahway)
Location: Rahway, New Jersey
Month Posted: August
Effective Layoff Date: August 14, 2025
Number of Employees Affected: 58
=THIS MAY BE OLD=
- Merck, Sharp and Dohme Corporation (Whitehouse Station)
Location: Whitehouse Station, New Jersey
Month Posted: September
Number of Employees Affected: 50
Reference Code or Identifier: "41971" (appears in the Excel archive but context isn't fully detailed)
URLs to the WARN Notice Archives
PDF Version (2025 WARN Notices):
https://www.nj.gov/labor/assets/PDFs/WARN/2025_WARN_Notice_Archive.pdf
Excel Version (WARN Notice Archive):
https://www.nj.gov/labor/assets/PDFs/WARN/WARN_Notice_Archive.xlsx