Bristol Myers Squibb axes 79 more in New Jersey as $1.5B cost-reduction program rolls on

The hits just keep on coming for Bristol Myers Squibb staffers amid the company's cost-savings program.

The drugmaker is laying off an additional 79 staffers in Lawrenceville, New Jersey, according (PDF) to a Worker Adjustment and Retraining Notification (WARN). The company confirmed the cuts, which will be effective between Dec. 12 and May 30 of next year.