The pharma company has four locations in Ireland, employing more than 1,000 people.
Japanese pharmaceutical company Takeda has announced plans to lay off 4,500 people from its globally dispersed workforce, as a means of restructuring and reducing costs. Reportedly, the cuts will start in early July and could extend to December 2027.
According to a recent investor presentation, the company’s restructuring plans will include consolidating its departments for efficiency, cutting management layers and automating operations, all in the name of generating the necessary funds to support upcoming drug launches.
Current hiring plans will not be impacted, however, as Takeda intends to fill 2,200 vacant roles, some of which will go to internal candidates. With more than 50,000 workers worldwide, in more than 80 global locations, it is unclear which regions will be most impacted.
It is unknown how the cuts might affect Ireland. The pharmaceutical company has had a presence in the country since 1997 and has four locations. In Dublin, there are facilities at Citywest, Grange Castle and Baggot Street; there is also a premises in Bray, Co Wicklow.
