Nearly 300 N.J. healthcare layoffs: Novartis, Labcorp among companies cutting jobs [Yahoo! Finance]
Labcorp Holdings Inc. (LH)
Last labcorp holdings inc. earnings: 4/29 06:53 am
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Source: Yahoo! Finance
Worker Adjustment and Retraining Notifications filed in March with the state Department of Labor listed nearly 300 jobs that will be affected. Global drugmaker Novartis Pharmaceuticals , which operates a U.S. headquarters in East Hanover, plans to cut 114 jobs between June 26 and Nov. 27. The layoffs are part of a company restructuring launched four years ago. The effort aims to save at least $1 billion and ensure at least 4% annual sales growth through 2026. In a statement sent to NJ.com, a Novartis spokesperson said the company is directing its “efforts and talent toward areas where we can create greatest potential impact for patients and customers.” “As part of this, our US Customer Engagement organization has been evaluating opportunities to evolve our field sales team structures to better support the unique needs of patients and customers in the rare and ultra rare disease spaces – where Novartis has a strong footprint and focus with in-market products and upcoming pivot
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LH
Earnings
- 2/17/26 - Beat
LH
Sec Filings
- 3/31/26 - Form 8-K
- 3/30/26 - Form 4
- 3/30/26 - Form 4
- LH's page on the SEC website