Bristol Myers Squibb layoffs, on the record
Every job cut, severance charge and restructuring Bristol Myers Squibb reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 34,100 to approximately 32,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 34,100 | December 31, 2023 |
| 10-K for 2024 | approximately 34,100 | As of December 31, 2024 |
| 10-K for 2025 | approximately 32,500 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company recorded a new restructuring plan in 2023, with provision for restructuring of $365 million in other (income)/expense.
Word for word“Provision for restructuring includes exit and other costs primarily related to certain restructuring activities including a new plan in 2023 discussed further in "Item 8. Financial Statements and Supplementary Data—Note 6. Restructuring."” 10-K for 2023
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $97 million | $109 million | $120 million |
| 2017-12-31 | $267 million | $293 million | $239 million |
| 2018-12-31 | $87 million | $131 million | $219 million |
| 2019-12-31 | $273 million | $301 million | $151 million |
| 2020-12-31 | $457 million | $530 million | $418 million |
| 2021-12-31 | $159 million | $169 million | $199 million |
| 2022-12-31 | $69 million | $75 million | $122 million |
| 2023-12-31 | $350 million | $365 million | $225 million |
| 2024-12-31 | $623 million | $635 million | $520 million |
| 2025-12-31 | $548 million | $563 million | $558 million |
Bristol Myers Squibb has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Bristol Myers Squibb’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-11. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.