By Emon Reiser
Pfizer will lay off 781 workers in New Jersey, according to a Workers Adjustment and Retraining Notification filed with the state.
The job cuts, expected Feb. 12, 2024, are tied to the pharmaceutical giant’s operations in Somerset County’s Peapack-Gladstone borough.
The company didn’t immediately respond to a request for comment.
Pfizer is cutting its workforce after slashing its guidance for the year by $9 billion, to between $58 billion and $61 billion, as sales of its Covid-19 vaccine dry up.
Write to Emon Reiser at emon.reiser@wsj.com
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