Calif.-Based Drugmaker Amgen To Lay Off Thousands, Reinvest Savings in San Francisco, Mass. Operations
On Tuesday, Thousand Oaks-based biologic drugmaker Amgen announced plans to let go 12% to 15% of its workforce, or 2,400 to 2,900 employees. The company said savings from the layoffs will be used to expand its operations in San Francisco and Cambridge, Mass. AP/Contra Costa Times.