Amgen is in the process of eliminating hundreds of U.S. jobs, the majority of which are centered on the company�s sales team, according to a recent sales call. The California-based company indicates these layoffs will enable Amgen to make investments in other opportunities, such as new product launches and R&D operations.
In an announcement of the company�s fourth-quarter and full-year 2020 financial results, Amgen reported a 9% growth in sales of $25.4 billion. Volume growth primarily contributed to these gains, but lower net selling prices, as well as the pandemic, offset the overall gains.
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The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source. We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.