Summary
Beleaguered Ventura County biotech giant Amgen announced a sweeping restructuring Wednesday involving at least 2,200 job cuts, including layoffs, and downsizing at its sprawling Thousand Oaks campus.
Squeezed by federal restrictions on some of its biggest-selling drugs, Amgen said it also would scale back capital spending by about $1.9 billion, reduce research and development, and close some production operations.See the full content of this document
Extract
Amgen to Cut at Least 2,200 Jobs
Job cuts at the company's 8,300-employee Thousand Oaks headquarters were not immediately disclosed, but city officials said they expect about 800 to 900 people to be affected. The company has 20,000 workers worldwide.
"Downsizing is on...See the full content of this document
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