Nearly 800 Could Be Laid Off In NJ By Pfizer

GLADSTONE, NJ — Massive layoffs may soon be underway as Pfizer has warned nearly 800 employees that their positions may be terminated as the Gladstone location looks to close.

As many as 791 employees could be laid off on Feb. 12, 2024, from its Somerset County corporate office if those employees do not choose to relocate to another Pfizer location, according to a Worker Adjustment and Retraining Notification(WARN) Notice shared by the New Jersey Department of Labor.

"Pfizer continually looks for ways to effectively utilize our workplace facilities and create a more vibrant and energetic work experience for our colleagues. Pfizer is in the process of closing its Peapack, New Jersey facility that will go in effect in early 2024. The vast majority of colleagues will be re-assigned to Pfizer’s New York headquarters at 66 Hudson Yards with a small portion transitioning to the company’s Parsippany, NJ site," Pam Eisele with Pfizer's Media Relations told Patch.

This decision follows Pfizer's previously announced decision in 2021 to sell the Peapack campus.

Additionally, the company has plans to cut $3.5 billion after COVID-19 revenues fell, according to fiercepharma.com.

Pfizer's Peapack Corporate office is located at 100 Route 206.

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