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Biopharma Job Cuts Depend on Second Half Trends

Biopharmaceutical companies have seen fewer layoffs in the first half of 2026 compared to the previous year. However, the total number of job cuts for the full year may still match 2025 levels. This outcome hinges on a significant increase in layoffs during the second half of the year. Mergers and acquisitions activity, which has risen substantially, could also contribute to future workforce reductions. The size of individual layoff rounds and the impact of M&A will be key factors in determining the year's final tally.

July 23, 2026

https://www.biospace.com/job-trends/biopharma-layoffs-must-double-in-h2-for-2026-to-match-2025-cuts


Income Up 259%. Jobs Down 60%

2009 — $4.9B net income — 222,900 employees
2010 — $2.5B net income — 194,400 employees
2011 — $2.4B net income — 193,900 employees
2012 — $0.9B net income — 183,400 employees
2013 — $11.5B net income — 176,800 employees
2014 — $9.6B net income — 177,300 employees
2015 — $17.9B net income — 177,700 employees
2016 — $13.1B net income — 160,900 employees
2017 — $30.1B net income — 155,400 employees
2018 — $15.5B net income — 144,500 employees
2019 — $19.3B net income — 135,000 employees
2020 — $17.8B net income — 132,200 employees
2021 — $22.1B net income — 118,400 employees
2022 — $21.3B net income — 117,100 employees
2023 — $11.6B net income — 105,400 employees
2024 — $17.9B net income — 99,600 employees
2025 — $17.6B net income — 89,900 employees


Quit with the surveys and let us know about the VSP

I don’t know about the others in this group but I believe they need to quit with the surveys and come on with the VSPs. Quit wasting our time so we can get on with our lives and figure out the next steps. Would these people want people ja--ing around about their jobs and wasting their time if it was them. He-l no. So come on with it and cut out the nonsense


The Constant Uncertainty Is Exhausting

Working at T-Mobile lately has been mentally exhausting.
With the layoffs, constant reorgs, leadership changes, and all the uncertainty around budgets, it's hard not to worry about job security. At the same time, the economy isn't exactly giving people confidence that finding another job would be easy.
I know I'm not the only one feeling this way. Most of us just want some stability and honest communication so we can focus on doing our jobs instead of wondering if we'll be part of the next announcement.


Places to apply

Need some ideas of places to apply because I keep applying on linkden and get rejection before anything only to keep getting notified of that same position with the same company . And i hate BNY now thanks to robin and the sh-t stains under him and need out asap


Why hasn't any one contacted Sara Gonzales yet

Right here in Texas is Sara Gonzales( @saragonzalesunfiltered ) of Blaze TV who is working tirelessly to show how American's are loosing their jobs to other resources and to raise awareness. Why no one has connected with her and told her about the erosion of American jobs from a very American company like Sabre?


Wells Fargo warns of additional job cuts as cost-cutting drive continues

Recording 24 consecutive quarters of staff reductions, the current headcount stands at 197,000 employees, reflecting a decrease of 15,000 positions compared to the previous year. Over the past six years, under the leadership of CEO Charlie Scharf, the organization has eliminated a total of 79,000 roles.

https://www.msn.com/en-us/money/other/wells-fargo-warns-of-additional-job-cuts-as-cost-cutting-drive-continues/ar-AA284NyR?ocid=msedgntp&pc=U531&cvid=f393bcd159ae452af7868dfd2f6ebb02&ei=9


New job openings

I see loads of job openings online (linkedIn, Baker careers etc.) but notice that many have been open for months on end and keep being reposted or duplicated? Whats the deal? Theres no way we have that many actual vacancies from what I can tell. Why keep advertising these same jobs over and over but not filling them?


Temco Logistics Cuts Jobs Due to Service Wind-Down

Temco Logistics is reducing its workforce by 60 employees. This action is a direct result of the company discontinuing its flatbed delivery operations. The logistics firm is winding down this specific service. These job cuts are occurring in Hialeah.

Hialeah, Florida

https://www.bizjournals.com/southflorida/news/2026/07/17/logistics-company-temco-to-lay-off-60-employees.html


Capital One Cuts More Illinois Jobs

Capital One Financial is implementing further workforce reductions in Illinois. The company plans to eliminate at least 276 positions. These layoffs are part of a financial restructuring and integration process. Affected employees work at the Riverwoods site or remotely but report to that location. The job cuts are scheduled to occur between early August and early September.

Riverwoods, Illinois

https://www.pjstar.com/story/news/state/2026/07/17/more-illinois-workers-to-lose-job-because-of-capital-one-layoffs-in-riverwoods-il/90906458007/


I wish people would follow up on their words

A lot of folks talk all the time about how they'd celebrate if they got cut, how they're not worried, and how they'd be relieved if it happened to them. But not one of them has actually handed in their notice since they started mentioning it. If leaving would be such a blessing, why are they still sitting at their desks every morning? If those who want out quit, the rest of us would have a better chance of keeping our jobs. It'd be a win, win, in my opinion.


Another motivation post

Does anyone find that they really don’t care about their jobs or careers anymore. It just seems so small . it pays the bills etc but in the grand scheme of things all the politics attached to a paycheck job just seems so out of touch. With all that’s going on in the world this really does not seem to be how people should be living out their lives


Food Safety Firm Cuts Over 50 Jobs

A contract termination has led to significant job losses at a beef-packaging facility. Fortrex, a food safety company, will lay off 53 employees in Kuna. These layoffs are a direct result of the abrupt end of their contract with CS Beef Packers. The affected workers include various roles within the food safety and sanitation departments. Fortrex is offering some employees a chance to transfer to other locations.

Kuna, Idaho

https://www.idahostatesman.com/news/business/article316460573.html


Peoria Employers Seek Skilled Professionals

Several major employers in the Peoria area are actively recruiting for well-compensated positions. The Journal Star is highlighting these opportunities, focusing on roles that offer significant pay, influence, and engagement. These featured jobs represent some of the most attractive high-paying career openings currently available in Peoria. The initiative aims to inform the local workforce about these promising employment prospects. This information is intended to guide job seekers toward rewarding career paths within the region.

Peoria, Illinois

https://www.mortontimesnews.com/story/business/employment/2026/07/13/looking-for-a-six-figure-salary-in-peoria-check-out-these-open-jobs/90893776007/


Local Manufacturers Offer Support to Laid-Off Boat Workers

Local manufacturing leaders are stepping up to assist employees facing job losses at Four Winns. B & P Manufacturing is actively recruiting and encouraging displaced workers to apply for open positions. A dedicated job fair is scheduled to connect these individuals with potential employers in the area. Several other local companies are also seeking skilled tradespeople, emphasizing the continued demand for their expertise. The community is working to retain these valuable workers and prevent a significant exodus of talent.

Cadillac, Michigan

https://www.9and10news.com/2026/07/15/cadillac-manufacturers-step-up-to-support-four-winns-workers-facing-layoffs/


The General concensus

Like others here most would like to keep their jobs, to not have to start all over again. Nobody wished for layoffs, firings, etc. There were many times since the layoffs started that I would pray for that Golden Tuesday after payday. One would post about here and hear the smug response, I'd like to keep my job. Well wouldn't any person working just to survive. Now like others around me, the staged mid years are going on and we're getting not meets. Not meets we're told means NO severance. Like they're saying, chase the new carrot. Improve by year end or get fired, no severance for you. The kicker is they've changed the formula used for evals, where you're going to be not meets no matter what you do. They've hired 1,000's of new hires. I guess they've filled the quotas of cheap labor in the Philippines. The new hire class should be hitting the floor we're told in Roanoke, VA in the near future. Seems like that's when the closing Richmond site, will start the firings and the layoffs. As for me, since the cushy keeping the job is not an option...I am praying for a Tuesday after payday displacement. I'm envious of those fortunate to have been laid off with the golden ticket and 60 day non-working period. In retrospect, what good did it do to stay waiting for severance?! They've made it a no win situation. The beatings will continue until morale improves. The firings will continue, and they're saying sc--w your morale...they just want you to F off.


Texas Probes LinkedIn Over Deceptive Job Postings

Texas is investigating LinkedIn for allegedly advertising and profiting from fake job listings, referred to as "ghost jobs." Job seekers who paid for premium subscriptions may have been shown listings that were not legitimate opportunities. The state's attorney general is seeking documents and communications related to LinkedIn's advertising and verification practices. LinkedIn maintains that its job listings are authentic and accurately represented. This investigation has not yet resulted in formal charges.

Austin, Texas

https://www.foxbusiness.com/technology/texas-investigates-linkedin-over-alleged-ghost-jobs-targeting-job-seekers


Wells Fargo Signals Further Job Cuts

Despite reporting strong financial results, Wells Fargo executives have indicated that additional layoffs are anticipated. The Chief Financial Officer stated the company can operate with fewer employees. This suggests a strategic move towards increased efficiency. Further workforce reductions are expected in the near future. The bank is focusing on streamlining its operations.

San Francisco, California

https://www.bizjournals.com/sanfrancisco/news/2026/07/14/wells-fargo-bank-layoffs-job-cuts-earnings-ai.html


Local Eatery Offers Jobs to Displaced Workers

Tom & Jerry's is holding hiring events for former Beef-a-Roo employees. The locally owned restaurant wants to offer these workers a chance to join their team. They are accepting applications and conducting interviews at all four area locations. Owner Bob Grottke expressed a commitment to hiring qualified candidates quickly. This initiative aims to support those impacted by the recent Beef-a-Roo layoffs.

Loves Park, Illinois

https://www.rockrivercurrent.com/2026/07/tom-jerrys-to-host-hiring-days-for-laid-off-beef-a-roo-workers/


WPP Announces Further Job Reductions

The advertising giant WPP is planning significant layoffs for the remainder of the year. These cuts are expected to impact hundreds of employees worldwide. This action is a key component of the company's ongoing restructuring and turnaround efforts. The precise number of affected positions is anticipated to be in the mid-to-high hundreds. This move signals a continued push for operational efficiency.

London, England

https://adage.com/agencies/aa-wpp-plans-hundreds-more-layoffs-by-end-of-2026/


Gunjan never learned this simple lesson

One thing I’ve noticed in the leadership is the constant comparison to companies doing something worse.

Employees raise concerns about losing remote work after years of proving it can be successful.

Response: “Other banks require five days. We’re only asking for three.”

Employees worry about office consolidations.

Response: “Other banks only have two or three hubs. We have twenty-two.”

Employees express concerns about outsourcing or layoffs.

Response: “Other banks outsource more.” Or “Other banks have bigger layoffs.”

But that’s a strange way to measure success.

If your defense for a decision is, “Someone else is doing something even more unpopular,” you’re not actually addressing the concern. You’re just choosing a different point on the same spectrum.

It’s the corporate version of, “Sure, I set your house on fire, but my neighbor burned down the whole block.”

Being less bad than someone else isn’t the same thing as being good. I’d rather hear the actual business case, the data, and the reasoning than be told I should feel grateful because another company made an even harsher decision.

Two wrongs don’t make a right. They just create two different versions of the same problem.


New Jersey Economy Faces Slowdown

A Rutgers University report forecasts sluggish economic growth for New Jersey over the next two years, predicting a rate below the national average. The state's job market is expected to weaken, with employment growth projected to slow significantly in 2026. While education and health services have driven recent job gains, other sectors have experienced declines. Population growth, largely fueled by international migration, is also anticipated to decrease. The report suggests New Jersey's unemployment rate will remain higher than the national figure.

New Brunswick, New Jersey

https://jerseyvindicator.org/2026/07/11/new-jersey-economy-expected-to-trail-u-s-growth-for-next-2-years-rutgers-report-says/


Electronics Firm Cuts Over 200 Jobs

LeeMAH Electronics is implementing significant layoffs, impacting 212 employees. The company cited "changing business needs" as the reason for these workforce reductions. These job cuts are scheduled to occur in two phases later this year. The manufacturer specializes in prototype and production printed circuit board assembly.

Brisbane, California

https://www.bizjournals.com/sanfrancisco/news/2026/07/10/sfbt-digest-friday-chevron-alameda-health-leemah.html


Interesting job post

I thought it was odd that the job listing is for either Berwyn, PA or NYC. We're looking at two completely different applicant pools there, and does this mean they've acquired a new PA office in Berwyn, or is this just the Archer office?

"We’re seeking a future team member for the role of Vice President, Full Stack Engineer to join our Managed Accounts Solutions Platform team. This role is located in Berwyn, PA or New York, NY."

I haven't heard anything new about Pennington or Wilmington office closures, but then, the way this place operates we probably won't hear anything until the last minute.


Texas Universities Embrace AI Education Amidst Job Market Uncertainty

Texas universities are launching new bachelor's and master's degree programs in Artificial Intelligence to equip students for a rapidly evolving job market. These programs often combine AI expertise with traditional disciplines like business and engineering. Despite companies slowing hiring due to AI uncertainty, these degrees aim to provide graduates with specialized skills. Universities are responding to industry demand, with Texas leading the nation in AI degree offerings. Graduates hope their practical AI applications will differentiate them in a competitive employment landscape.

Dallas, Texas

https://www.govtech.com/education/higher-ed/texas-universities-offer-ai-degrees-to-boost-value-for-students


The Job Description No One Can Explain: managerial Edition

What do L4 managers (first line) even do? Honestly, most of them just show up to ranking meetings and focus on protecting their own spot. Then they run a few routine chit‑chat check‑ins with their direct reports, maybe take the team out for frozen yogurt once in a while. But seriously, what is it that they actually do?


Lucid Motors Layoffs Spark Pinal County Job Aid

Lucid Motors announced layoffs impacting its Casa Grande plant. Over 1,000 employees and contractors were affected by these cuts. Arizona@Work Pinal County is providing comprehensive support. This includes organizing hiring events and career workshops. Job seekers can receive help with resumes and interview skills.

Casa Grande, Arizona

https://www.pinalcentral.com/casa_grande_dispatch/resources-hiring-events-planned-for-those-impacted-by-lucid-layoffs/article_5ab35c64-f89a-4d6a-828a-1ec9e3ad198e.html