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Amgen Inc. (AMG-U.TI)
- Simply Wall St.
Selling US$5.2m worth of stock earlier this year was a lucrative decision for Amgen Inc. (NASDAQ:AMGN) insiders
Even though Amgen Inc. ( NASDAQ:AMGN ) stock gained 3.8% last week, insiders who sold US$5.2m worth of stock over the...
- MarketWatch
Amgen to cut about 450 jobs in second round of layoffs this year
Amgen Inc. on Thursday said it would lay off about 450 employees, or less than 2% of its workforce, as it faces increasing pressure from drug prices and high inflation.
- Reuters
Amgen to cut 450 jobs in second round of layoffs this year
"We made these changes to realign our expense base in the face of intensifying pressure on drug prices and high levels of inflation," a company spokeswoman said in a statement to Reuters. The company had about 25,200 staff members in more than 50 countries as of Dec. 31, 2022, according to its latest annual regulatory filing with the U.S. Securities and Exchange Commission. Amgen's decision to downsize its workforce underscores the impact of rapidly increasing interest rates on the healthcare industry.
