Global Pharmaceutical Company Issues Large-scale Layoffs In Cambridge

CAMBRIDGE, MA — A pharmaceutical company is laying off a large portion of its workforce, according to a state filing.

Takeda Pharmaceuticals USA, Inc. filed a Worker Adjustment and Retraining Notification Act with the state earlier this month, signaling its upcoming dismissal of 247 Massachusetts employees. The WARN was first filed on Wednesday, March 25, and layoffs are slated to begin on July 1 later this year.

Takeda has multiple spaces in which it operates in Kendall Square, and is now beginning the process of reducing its Cambridge footprint. According to the company, the employees affected all work out of its location at 500 Kendall Street.

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“As part of our ongoing transformation, we are making adjustments in selected functions across both Massachusetts and other U.S. locations,” Takeda said in a statement. “These numbers may evolve as employees pursue and accept redeployment opportunities across Takeda’s global network. Should additional impacts be identified, we will supplement this notice to maintain full transparency. The decision is permanent.”

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The business added that all affected workers will receive a 60-day notice of position elimination and will be offered severance packages.

Takeda’s origins date back to the 18th century when it was founded by Chobei Takeda as a small medicinal shop in Osaka, Japan. It first arrived in the United States in 1977 through a joint venture with Abbott Laboratories. In 2014, Takeda shifted its main focus to oncology and the study of rare diseases under the leadership of CEO Christophe Weber. Takeda currently has locations in 39 American states, with Cambridge being the global headquarters for research and development of oncology.

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