Bayer Announces 150 Job Cuts in Basel, Switzerland, Amid Global Restructuring

Bayer Layoffs in Basel:
Bayer has announced the elimination of approximately 150 jobs in Basel, Switzerland, primarily affecting the Consumer Health division.

Global Restructuring:
This move is part of a larger global restructuring effort by Bayer, which has already cut over 3,000 jobs worldwide since the beginning of 2024.

Cost Savings:
The layoffs aim to help Bayer achieve €500 million in cost savings in 2024 and €2 billion by 2026.

Dynamic Shared Ownership (DSO) Model:
The layoffs are part of CEO Bill Anderson’s new operating model, DSO, which aims to streamline the organizational structure and reduce bureaucracy.

Impact on Switzerland:
The job cuts in Basel are part of a broader trend of layoffs in the biopharma industry, with other companies also reducing their workforce in Switzerland.