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Biotech Giant Announces More Than 200 Layoffs In Ventura County

Posted on Wednesday, October 19, 2011 12:03pm

A Ventura County based international biotechnology giant announced it will lay off 380 people, including some 226 locally as part of a major restructuring of its research, and development efforts.

Amgen officials say they are trying to better focus their development efforts, putting more resources into projects which appear to have the best chance of success.

The company has notified the affected employees, who range from clerks to researchers.

Some of the workers may leave Amgen immediately, while others could be with the company through the end of the year.

Amgen says it’s offering the workers compensation packages which include cash, health insurance, and career transition services to help them deal with the layoffs.

The company had about 6200 workers at its facilities in the Conejo Valley before the announcement.

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