Page 3 - Worker Adjustment News Today

Despite a rosy outlook, the largest life sciences company in Massachusetts says the layoffs are part of a restructuring plan.

Takeda Pharmaceuticals has told the state it now plans to lay off 146 of its Lexington workers and another 495 employees based in Cambridge.

Less than one year after being awarded a nearly $2 million tax incentive for its commitment to create and retain 125 jobs in Lexington, Takeda Pharmaceuticals has told the state it now plans to lay off 146 of its Lexington workers and another 495 employees based in Cambridge.

Massachusetts' largest biotech company employs 6,290 employees in the Commonwealth as of 2022, and among the top 14 largest in the United States.

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The reason for the closure involved "various factors, including market demand, operational efficiency, and costs", a spokesperson said.

A recently announced $900 million restructuring drive is already making waves at Takeda, wi

Shutdown scheduled for July 15.

The multinational corporation is closing offices in Dallas-Fort Worth and asking many workers to relocate, or else.

Since March, Bombardier Recreational Products, an automotive company, has laid off 298 employees at its facility in Sturtevant in Racine County.