"The health care company Labcorp has notified the state that it is laying off 94 employees and closing its Bedford facility. The layoffs will begin on March 9, with most positions eliminated and a few reassigned to remote or nearby worksites. According to Labcorp's 2024 annual report, the latest available, the company owned its Bedford facility at 15 Wiggins Ave. It also leased facilities in Westborough and Holyoke."
"Labcorp is a global company that provides diagnostic services and drug development for patients and physicians. The company had nearly 70,000 employees in about 100 countries and supported more than 75% of the new drugs and therapeutic products approved by the FDA in 2024. Labcorp also performed more than 700 million tests annually for patients worldwide. The company had nearly 2,200 patient service centers and more than 6,800 in-office phlebotomists located in customer offices and facilities."
"The company is headquartered in Burlington, North Carolina, and reported annual revenue of over $13 billion in 2024. The company did not respond to additional questions about why it is closing the facility."
Labcorp notified the state it will lay off 94 employees and close its Bedford facility, with layoffs starting March 9. Most positions will be eliminated and a few employees will be reassigned to remote or nearby worksites. The company owned the Bedford property at 15 Wiggins Ave according to its 2024 annual report and also leased facilities in Westborough and Holyoke. Labcorp operates globally, providing diagnostic services and drug development, with nearly 70,000 employees in about 100 countries. The company supported a majority of new FDA-approved drugs in 2024, performed hundreds of millions of tests annually, maintained thousands of service centers and phlebotomists, reported over $13 billion in 2024 revenue, and did not explain the Bedford closure.
Read at Boston.com
Unable to calculate read time
Collection
[
|
...
]