Amgen Details Plans for Job Cuts

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Amgen Inc. said Tuesday that 675 jobs would be cut at its headquarters in Thousand Oaks, adding to the economic woes of the region, the Los Angeles Times reports.


The local layoffs are part of the details the biotech giant released about its previously announced reduction of as many as 2,600 positions.


As Ventura County’s largest private employer, Amgen has been a major economic factor in the county and western Los Angeles County, where other prominent companies also have cut back.


In August, Kevin Sharer, Amgen’s chairman, said the company would reduce its 20,000-employee workforce by as much as 13%. The cuts are part of the company’s sweeping corporate restructuring plan to save more than $1 billion over the next year.


Since the announcement, about 700 employees nationwide have accepted voluntary buyouts. Amgen executives declined to specify how many of those buyouts came from the Thousand Oaks campus.


The buyouts, attrition and a hiring freeze have allowed the company to reduce the total number of remaining layoffs to 1,500, in line with earlier projections, spokeswoman Sarah Rockwell said.


The company will slash 675 of about 8,200 jobs, or about 8%, at its Thousand Oaks campus. About 450 of roughly 1,700 jobs will be cut at the company’s West Greenwich, R.I., manufacturing facility, Rockwell said. The rest of the layoffs will come from the company’s other sites worldwide.


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