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Biogen to lay off some U.S. employees

Biogen to lay off some U.S. employees

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Shares of Biogen Inc. BIIB, +1.08% were up 1.0% in trading on Thursday after the company confirmed to media outlets that it is laying off some U.S. employees as part of an effort to secure $500 million in annual cost savings. Stat first reported the layoffs, saying the company plans to cut 1,000 jobs, citing anonymous sources.

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