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Q3 layoffs down YOY, with 90% fewer biopharma employees affected

Summary by BioSpace
Big Pharma companies including Bristol Myers Squibb, Johnson & Johnson and Novartis are among those that made or planned layoffs in Q3. Those cuts could affect over 1,800 employees, with New Jersey the hardest-hit state.

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BioSpace broke the news in West Des Moines, United States on Thursday, October 8, 2026.
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