| Date | People cut | Source |
|---|---|---|
| Sep 22 | 265 | New Jersey Department of Labor WARN / BioSpace |
| Apr 22 | 206 | ROI-NJ / NJBIZ / NJ Patch |
| Feb 2026 | 247 | NJBIZ / NJ Patch |
| Total | 718 |
Bristol Myers Squibb announced 718 layoffs in 2026, affecting 2.1% of its 34,000-person workforce. The company cited NJ WARN. $2B cost-cutting plan. 1,200+ NJ jobs cut since initiative began. Phased through December. The cuts are part of a broader pattern of workforce reductions across the Pharma sector in 2026, where companies are restructuring operations in response to changing market conditions, AI adoption, and margin pressure.