Friday, October 21, 2011

Amgen laying off about 380 R&D workers

According to this story on the Los Angeles Times, Amgen is cutting jobs in research and development (R&D).

The layoffs represent about 6% of Amgen's total 6,700 workers in research and development. Amgen employs about 17,600 workers globally.

A number of years ago, physicians and scientists who worked in R&D had a level of job security that pales in comparison to today. Changes in the global economy along with regulatory challenges in drug development have led to cuts in R&D in many biopharmaceutical companies.

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