133-year-old big pharma company plans layoffs, files WARN notice [Yahoo! Finance]
Merck & Company, Inc. (new) (MRK)
Last merck & company, inc. (new) earnings: 4/28 06:45 am
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Source: Yahoo! Finance
We've previously seen high-profile layoffs from fast-growing technology stalwarts, including Amazon and Microsoft. Now, we've learned that Merck & Co., a 133-year-old drug manufacturer, also plans job cuts. Merck disclosed the news in a WARN (Worker Adjustment and Retraining Notification) Act filing. The WARN Act requires employers to provide 60 days' advance written notice of plant closings or major layoffs, allowing workers to prepare for unemployment. Merck & Co. at-a-glance: Founded: 1891, in New York. Employees: Revenue (2024): $64.2 billion. The filing comes at a time when U.S. drugmakers are deep in negotiations with the White House over prices. For a long time, drugmakers have been under pressure due to the high prices of medicines that can cost tens of thousands of dollars or more per year. Merck previously sued President Biden's administration in 2023 over the Medicare program's ability to negotiate drug prices, as mandated by the Inflation Reduction Act, repor
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News
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- Merck & Co., Inc. (NYSE:MRK) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
MRK
Earnings
- 10/30/25 - Beat
MRK
Sec Filings
- 12/4/25 - Form 8-K
- 12/3/25 - Form 424B5
- 12/2/25 - Form FWP
- MRK's page on the SEC website