AM I NEXT? NO LOVE AT CATALENT (03/28/24)

MARCH 28, 2024 — 130 INDIANA EMPLOYEES

The company will lay off approximately 130 staffers at its manufacturing and filling facility located in Bloomington, Indiana. This is unrelated to the 300 positions the company previously eliminated as part of its cost-cutting campaign.

According to a company statement, “As part of Catalent’s commitment to driving long-term sustainable growth, the company has been focusing on increasing efficiencies and reducing costs across our business.”

FEBRUARY 19, 2024 — 300 EMPLOYEES GONE

The company confirms it has reduced its headcount by about 300 employees between October and December 2023 as part of its ongoing restructuring plans as it moves closer to its $16.5 billion sale to Novo Holdings by the end of 2024.

JUNE 15, 2023 — Original post…

Somerset, New Jersey-based Catalent, a pharmaceutical manufacturer and provider of drug delivery technologies, has announced a restructuring initiative resulting in a reduction in force.

The reduction in force will impact 150 employees located in Bloomington, Indiana.

Catalent General Manager Anibal Carlo noted that "the company’s growth during the pandemic is not sustainable, and the layoffs are the result of restructuring."

Catalent Pharma Solutions laid off approximately 400 employees at its Bloomington, Indiana location in November 2023.

At the time, a spokesperson noted, “During the pandemic, Catalent significantly increased its cost base to continue to meet the needs of our customers and deliver essential products, as well as to meet the needs specific to the pandemic. Given the current phase of the pandemic, the challenging global economic environment, and the need to ensure that Catalent continues to operate efficiently, we have made the difficult decision to reduce or delay some capital expenditure projects and also reduce the size of our workforce in certain areas."

“We appreciate every Catalent worker’s contributions and are offering severance and job transition support to all impacted employees.”

"Bloomington facility played a critical role in producing vaccines and therapies for public health response during the pandemic. But as the pandemic has receded, global demand for vaccines has declined."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT TAKEDA PHARMACEUTICAL (07/02/24)

JULY 2, 2024 — 220 MORE EMPLOYEES TO FACE LAYOFFS

The restructuring continues as the company announced further job cuts that will impact 189 employees at its Cambridge headquarters and 31 at its Lexington site and occur between August 2024, and March 2025.

MAY 30, 2024 — 641 EMPLOYEES TARGETED IN MASSACHUSETTS

Continuing with its multiyear “efficiency program, the company is planning to lay off 641 employees, including 495 EMPLOYEES from its U.S. headquarters in Cambridge, Massachusetts, and 146 from its Lexington, Massachusetts facility.

The Board of Directors approved a significant multi-year program focused on organizational agility, spending efficiencies, and leveraging the company’s capabilities in data, digital, and technology (DD&T). The program aims to improve growth through continued advancement of Takeda’s Growth & Launch Products and progressing the company’s robust late-stage pipeline to deliver innovative therapies for patients while helping drive Core Operating Profit margin improvement target of low- to mid-30%.

The program will start in FY2024 and includes initiatives to optimize its workforce—simplifying some division structures—and rigorously prioritize its R&D pipeline while investing in DD&T to increase productivity and efficiency across the organization. Procurement-led initiatives will be centered on optimizing external spend with the goal of achieving cost savings and efficiencies in Takeda's supply chain and vendor management processes. Details and timing of specific actions within the framework of these broader initiatives will be decided in due course.”

MAY 30, 2023 — Original post…

Cambridge, Massachusetts-based Takeda Pharmaceutical Company, has announced that it will be stopping its early-stage programs in gene therapy, as well as rare blood diseases, to concentrate its resources on drugs that are closer to commercialization, including a midstage psoriasis drug that it bought from Nimbus Therapeutics.

The reduction in force will impact 186 employees, including research associates, research scientists, and clinical operations teams in four Cambridge, Massachusetts facilities, beginning in July 2023, and potentially taking place through March 2024.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT MEDICAGO

Quebec City, Canada-based Medicago, a biopharmaceutical subsidiary of Mitsubishi Tanabe Pharma and a developer of plant-based vaccines and therapeutics, has announced that it will be ceasing all subsidiary activities.

The closure will impact all employees located at its Durham, North Carolina manufacturing facility which attempted to produce a plant-based Covid-19 vaccine that ultimately failed to gain widespread regulatory approval.

A company spokesperson attributed the closure and layoffs to the company restructuring its workforce to align with its changing business needs."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?