Biopharmaceutical companies are reducing layoffs in Q1 2026 compared to previous quarters, indicating a potential stabilization in the industry. However, layoffs are still higher than in Q1 2025, primarily driven by one company's significant workforce reductions.
The trend of fewer companies letting employees go, which began in the fourth quarter of last year, has continued. However, more employees were on the chopping block in Q1 2026 than in Q1 2025, due mainly to one company’s cuts.
Original title: “Biopharmas pull back on layoffs in Q1”