Amgen to lay off 450 people

Amgen, a drugmaker based in Thousand Oaks, Calif., will lay off 450 people – 2 percent of its workforce – with many layoffs coming by May 26, according to a statement released today. Becker.

“We have made these changes to rebuild our cost base in the face of increasing drug price pressures and high inflation so that we can continue to benefit our patients, staff and shareholders,” said Amgen, adding that this will ensure the transition of the service and severance pay.

The company filed a notice to adapt and retrain workers in California on March 16, weeks after it filed a notice that it would lay off 305 workers effective March 31.