Another round of layoffs hits BMS, with 100+ people impacted after earnings miss

Bristol Myers Squibb has laid off more than 100 employees amid a reconfiguration of expenses that follows disappointing earnings results.

The New Jersey pharma would not confirm how many employees were laid off but a spokesperson said “there were impacts to some of our employees” as the company reconsiders how it allocates funds. A new workforce report in New Jersey for the month of August lists BMS laying off 108 employees, cuts that go into effect on November 2.