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Biogen to lay off 1000 people under $700M operational savings plan

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endpts.com/biogen-to-lay-off-1000-people-under-700m-operational-savings-plan

Fresh off two FDA green lights — a full ap­proval for Alzheimer’s and an ac­cel­er­at­ed nod in ALS — Bio­gen CEO Chris Viehbach­er is bring­ing down the bud­get axe and will shrink head­count by about 1,000 by 2025.
Bio­gen is im­ple­ment­ing a ma­jor ex­pand­ed re­duc­tion plan, hop­ing to save $700 mil­lion in net op­er­at­ing ex­pens­es by 2025. An­oth­er $300 mil­lion is…

This story from endpts.com was posted on 2023-07-25 by @riverfl.

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