Amgen Would layoffs 450 jobs after 300 Jobs in January 2023

By Date 17/03/2023



As the US inflation is still high and was at its highest at 9.1% in June 2022 since the early 1980s, and

increasing rates by FED from last year to overcome this problem. But global inflation has put an effect

on the economy as well as the job industry. A report (By - Reuters) shows that layoffs by U.S. companies

over January and February months touched the highest since 2009. (By News.CrunchBase) U.S.-based tech

Last year in 2022, due to rising inflation

Companies have layoffs more than 94000 workers in mass cut so far in 2023

and a tumultuous stock market effect more than 140,000 jobs were cut from the public and private sectors in tech companies.

In this chain an American biopharmaceutical company, Amgen Inc. said on Thursday 16 March 2023, that

the company would cut 450 jobs or less than 2% of its workforce. This would be the second round of

In January 2023, Amgen Inc. has layoff 300 jobs due to organizational changes.

Layoffs by the company amid intensifying pressure on drug prices and high inflation.

Amgen Inc. filling out its latest annual regulatory report with the U.S. Securities and Exchange Commission

which shows that the company had about 25,200 staff members in more than 50 countries as of 31 December 2022.

The company's spokeswoman said to (Reuters) that it is due to realigning our expense base, to keep in mind

intensifying pressure on drug prices and high levels of inflation. Amgen's fourth-quarter revenue fell slightly,

and the company forecasted its revenue in a range of $26 billion to $27.2 billion for the year 2023.

Mark Zukraberg's Meta announced on Tuesday, 14 March 2023, that company would be reducing its workforce by 10,000 employees.

This would be the second wave of mass job cuts for any major technology firm, as, in November 2022, the company layoffs 11,000 jobs which was 13% of its workforce.