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Takeda to Lay Off 250 Employees in Major Restructuring

3/31/2026

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Summary

Story summary

Takeda Pharmaceutical Company will lay off nearly 250 employees at its Cambridge, Massachusetts location as part of a restructuring approved March 25.
The restructuring aims to save about $1.25 billion annually by 2028.
Layoffs will begin in July, with some extending into 2027.
The move follows prior layoffs and reflects a broader biopharma trend, affecting Moderna and Thermo Fisher Scientific.

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Story summary

Takeda Pharmaceutical Company will lay off nearly 250 employees at its Cambridge, Massachusetts location as part of a restructuring approved March 25.
The restructuring aims to save about $1.25 billion annually by 2028.
Layoffs will begin in July, with some extending into 2027.
The move follows prior layoffs and reflects a broader biopharma trend, affecting Moderna and Thermo Fisher Scientific.