Pharmaceutical Giants J&J, Bayer, and Pfizer Announce Layoffs Affecting Nearly 500 Employees

Johnson & Johnson (J&J) is laying off 231 employees at its New Brunswick, New Jersey, headquarters effective December 27, 2024.
Bayer is cutting 57 positions at its Whippany, New Jersey, headquarters, also effective December 27, 2024.
Pfizer plans to eliminate up to 210 manufacturing jobs across sites in Ireland, part of its broader cost-cutting efforts aimed at saving $1.5 billion by the end of 2027.
These layoffs are part of a larger trend in the pharmaceutical industry, with several companies announcing workforce reductions in 2024 to streamline operations and cut costs.
The total number of layoffs in the biotech industry has seen a significant increase, with 187 layoffs reported in 2024, a 57% jump compared to 119 in 2022.