Bristol Myers Squibb To Cut 108 Jobs In NJ, Including Lawrenceville

LAWRENCEVILLE, NJ — Biopharma giant Bristol Myers Squibb (BMS) will be cutting 108 jobs in New Jersey, including from its Lawrence facility, the company confirmed.

The cuts will go into effect on Nov. 2, according to the Worker Adjustment and Retaining Notification (WARN) alert filed in the state this month.

The layoff will affect employees in Princeton, Lawrence, Berkeley Heights, Pennington and New Brunswick

"Our business model is evolving to support our mission to discover, develop and deliver innovative medicines that help patients prevail over serious diseases. As we move forward, we are continuing to deliver on our long-term business strategy by aligning resources to best support our operating model and our portfolio evolution. Unfortunately, there were impacts to some of our employees as a result of these changes,” a BMS spokesperson told Patch.

“We are grateful for the contributions of our colleagues and a top priority for us is supporting employees throughout the transition process.”

The company did not clarify how many employees will be laid off in each of the facilities. It’s unclear what type of roles will be eliminated in this layoff.

The news of fresh layoffs comes after the company cut 48 jobs from its Princeton facility in May this year.

A law that went into effect in April expanded New Jersey's WARN Act, and requires businesses with 100 or more full-time employees laying off 50 or more workers to pay one week of severance for every year the worker was employed. Workers must also be notified 90 days before the layoff, up from the previous 60 days. Severance must also be paid to both full- and part-time workers.

The BMS Princeton office is at Nassau Park Blvd., and the Lawrence facility is on Rt. 206, Lawrenceville.

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