Biogen slashing 1,000 jobs as part of restructuring
After laying off nearly 900 employees last year, Biogen is trimming its headcount once again.
According to news outlets, including Fierce Pharma, the biotech company has begun to cut around 1,000 jobs, or 11 per cent of its workforce. Most of the layoff notices will be distributed by the end of September.
“Biogen’s business is in transition. Accordingly, we have taken a bottom-up view to shift our resources to the areas of greatest value creation,” President and CEO Christopher Viehbacher said in a news release on July 25.
“While we will be making significant investments in our newly prioritized pipeline and new product launches, we will also need to invest less in other areas which are no longer growing. With these changes, I believe that Biogen will be better positioned to maximize its growth opportunities going forward.”
The company employed a global workforce of more than 8,700 people at the end of 2022, according to CNBC.
Impact on Canadian staff
It remains unclear how many Canadian employees are affected by the latest round of job cuts at Biogen.
According to LinkedIn, the biotech company has more than 80 workers in the country.
If you’re a non-unionized employee, check out our Biogen Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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