New Jersey
For the second time in 2026, the number of biopharma professionals affected by made or projected workforce reductions rose year over year. In May, layoffs spiked nearly 50%, mainly due to Takeda and BioNTech axing a combined 6,360 employees.
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While average job postings live on BioSpace have increased year over year for nearly every month of 2026, the number of employees affected by made or planned layoffs by the end of that same period nearly matched what was seen in 2025.
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Last month, for the first time in nearly four years, average job postings live on BioSpace did not decline year over year. In another encouraging sign, the number of biopharmas letting employees go fell.
Last month, biopharmas let go or projected they would let go of less than 500 people combined, based on BioSpace estimates, down almost 1,000 from January 2025. Still, competition for open jobs remains strong, with employed and unemployed biotech and pharma professionals eyeing their next roles.
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Looking for a research and development job? Check out the BioSpace list of 12 companies hiring life sciences professionals like you.
BioSpace has revealed its new 2026 Hotbed Maps, showcasing seven regional life sciences hot spots.
Looking for a manufacturing job? Check out the BioSpace list of 11 companies hiring life sciences professionals like you.
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