01:11 PM EDT, 08/02/2024 (MT Newswires) -- Takeda Pharmaceutical ( TAK ) plans to cut about 1,000 jobs across the US, including the closure of its research and development hub in San Diego by the end of September, Nikkei Asia reported, citing paperwork filed with California under the Worker Adjustment and Retraining Notification Act.

The Japanese company will cut 641 jobs in Cambridge and Lexington, Massachusetts, with another 220 layoffs planned in the state, Nikkei said, citing the state's WARN notice.

The 300 workers at the San Diego facility will either be laid off or relocated, Nikkei reported.

The company confirmed the plans, the report said.

Takeda didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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