AM I NEXT? NO LOVE AT BRISTOL-MYERS SQUIBB (03/07/25)

MARCH 7, 2025 — 280 EMPLOYEES

Cost-cutting continues as the company plans to lay off 223 workers in Lawrenceville, New Jersey, between May 22, 2025, and August 1, 2025.

There will be another 57 layoffs at its Redwood City, California facility by April 22, 2025.

NOVEMBER 26, 2024 — 195 EMPLOYEES IN

The company has announced 195 layoffs in Lawrenceville, New Jersey, to be conducted between February 13, 2025, and December 31, 2025.

According to a company spokesperson, “We are focused on strengthening the company’s long-term growth profile. We are optimizing operations across the company while prioritizing investments in innovative and transformational medicines where we can deliver the highest value for patients and shareholders.”

MAY 11, 2024 — 2,200 EMPLOYEES TARGETED BY 2025

Bristol-Myers Squibb has announced that it plans to cut $1.5 billion in expenses by the end of 2025, including laying off more than 2,200 employees.

As [Chief Executive Officer] Chris [Boener] described earlier, we have taken action to increase productivity and efficiency and focus our efforts on the assets and -- with the highest potential ROI and those most likely to drive our long-term growth.

As part of this process, we are making deliberate choices to prioritize the assets that have the greatest clinical benefit to impact areas of high unmet need and where we can deliver the most value for patients. We will disproportionately invest in higher-return opportunities, which improves our portfolio ROI and strengthens our growth profile in the second half of the decade. After a thoughtful process, we have made the decision to discontinue and externalize several clinical assets. We anticipate cost savings from these actions of approximately $1.5 billion by the end of 2025, thereby absorbing the incremental opex expense from the recent deals.

These cost savings will come from across the organization include reductions in direct clinical expense, site rationalization and elimination of open roles, and reduction in headcount. As we realize these savings, we will reinvest in the highest potential opportunities.

And there, we talked about the roughly 2,200 affected employees as a result of those changes. And then lastly, we went through all of our third-party relationships, continuing to look for efficiencies in third-party service providers, and that was the last category.

APRIL 27, 2024 —252 IN SAN DIEGO

The company announced that it plans to reduce its headcount by 6%, laying off approximately 2,200 employees.

Chief Financial Officer David Elkins noted that laying off 2,200 employees will help BMS “become more agile” and “streamline the organization by removing layers of management,” leading to quicker decision-making.

MARCH 28, 2024 —252 IN SAN DIEGO

The company is laying off 252 employees at the recently acquired Mirati Therapeutics in San Diego, California.

According to a company spokesperson, "As part of the integration, we are aligning resources to best support our operating model and our portfolio evolution. Unfortunately, some of our employees have been impacted as a result of these changes and a top priority for us is supporting employees throughout the transition process."

SEPTEMBER 16, 2022 — POST-ACQUISITION LAYOFFS IMPACT 261 EMPLOYEES IN SAN DIEGO COUNTY

Bristol-Myers Squibb has announced that there will be a personnel realignment at its recently acquired (August 2022) Turning Point Therapeutics’ two San Diego locations.

The layoffs will impact 261 employees with layoffs scheduled for November 17, 2022.

According to a company spokesperson, “We are very pleased to have completed the acquisition of Turning Point Therapeutics to further strengthen our leading oncology franchise. As part of the integration, all incoming employees received retention packages tied to continued service to BMS for a period of time and have been encouraged to apply to long-term roles at BMS after their retention period ends.”

NOVEMBER 5, 2018 SEATTLE LOCATION SHUT DOWN

Bristol-Myers Squibb has announced that it will be closing its Lake Union Steam Plant location in Seattle, Washing,ton and laying off 63 workers in the process.

JULY 31, 2018 — Original post…

Bristol-Myers Squibb, a major pharmaceutical company headquartered in New York City, New York, has announced the layoff of 149 employees as it prepares to close its Wallingford, Connecticut, research facility.  

According to a previously announced restructuring plan, the company plans to cluster its research and developments around Lawrenceville, New Jersey, Cambridge, Massachusetts, and Redwood City, California. Additional layoffs in Hopewell, New Jersey, and Seattle, Washington, are anticipated in the near future. At that time, CEO Giovanni Caforio, M.D. noted, “These important changes to our U.S. geographic footprint will ensure we have the structural, operational, and financial flexibility to deliver as effectively as possible on our mission for patients.

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 WALMART (10/21/20)

OCTOBER 21, 2020 - 216 EMPLOYEES LAID OFF AT SUNNYVALE, CALIFORNIA TECH CENTER

With the sales of the company’s Vudu streaming service to Los Angeles, California-based Fandango, the company has laid off 216 employees at its technical center located in Sunnyvale, California.

According to a spokesperson, "We will continue to invest in areas where we have the greatest strength and are in the best position to serve our customers today and in the future. Pickup and delivery are great examples of how we’ve invested to bring digital and physical capabilities together to better serve our customers, by offering more choice and convenience.”

MAY 2, 2019 WALMART WILL BE IMPLEMENTING A NEW IN-STORE MANAGEMENT STRUCTURE

It appears that Walmart will attempt to do more with less — implementing a program called “Great Workplace” laying off mid-level managers (assistant managers, department managers) and and pushing decision-making authorization ability to lower-level employees. The company is also exploring automation to sweep floors and take inventory.

Under the new regime of “fewer workers, more work,” we will see store managers with around a half-dozen "Business Leads" under them managing finances and hiring directives. Those supervisors will have "Team Leads" who will supervise groups of eight to 10 front-line employees.

MARCH 31, 2019 — WALMART QUIETLY CLOSING GROCERY STORES.

Walmart has confirmed that the company is closing at least 11 US stores across the United States.

The stores closures include one Walmart Supercenter in Lafayette, Louisiana, and several smaller Walmart Neighborhood Market stores in Arizona, California, Kansas, South Carolina, Tennessee, Virginia, and Washington.

The closing date for most of the affected stores is said to be targeted for April 19, 2019.

Original post…

Walmart Optical Lab in Fayetteville, North Carolina has announced the layoff of 150 employees. The corporate-speak statement noted, “In response to changing business needs, we are making adjustments at our Walmart Optical Lab in Fayetteville to help ensure we have the right people in the right place at the right time. We are committed to helping the associates impacted by this decision take advantage of new opportunities and are hopeful that we will be able to help many of the associates find other roles at nearby Walmart stores or Sam’s Clubs.”

In a similar move Walmart Optical Lab in Crawfordsville, Indiana laid off 108 employees. The corporate-speak statement noted, “In response to changing business needs, we are making adjustments at our Walmart Optical Labs in Crawfordsville to help ensure we have the right people in the right place at the right time,” a Walmart spokesman told RTV6 in an email. “We are committed to helping the associates impacted by this decision take advantage of new opportunities and are hopeful that we will be able to help many of the associates find other roles at Walmart stores or Sam’s Clubs.”

Walmart operated three optical centers (Dallas, Texas, Crawfordsville, Indiana, and Fayetteville, North Carolina) which serve all of the Walmart stores with optical centers. Prescription eyeglasses are the only product that Walmart manufactures, start-to-finish, in-house.

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. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere ... are you now wondering, Am I Next?

NO LOVE AT THE RED RIVER ARMY DEPOT (09/03/21)

SEPTEMBER 4, 2021 — 180 LAYOFFS

Texarkana, Texas-based Red River Army Depot, a U.S. Army maintenance facility to repair, rebuild, overhaul, customize, and converts the Army's vehicular systems, has announced a reduction in force that will impact 92 contract personnel and 88 government term employees scheduled for layoff in October 2021.

The decision was driven by the Army's declining workload and the projected reduction in other vehicular systems.

According to Red River Army Depot Commander Colonel John Kred, “The ebb and flow of our contractor and term workforce enables Red River Army Depot to surge to mission requirements when necessary. The labor contract allows Red River to meet its modernization and sustainment goals while maintaining fiscal responsibility to our taxpayers. Red River is posturing itself for the future and work toward modernization in support of the Army’s future needs.”

JULY 27, 2018 — Original post…

The Red River Army Depot, responsible for military vehicle inspection and maintenance, has announced that they are planning to implement Phase Two of their restructuring plan to cope with reduced maintenance workloads and budgetary constraints. Approximately 300 temporary, term, and contract workers will be laid off from the Texarkana, Texas facility. In a March 2018 press release announcing the restructuring, it was estimated that a total of 600 employees would lose their jobs.