Actavis (ACT) plans to lay off 577 workers at its newly acquired Allergan subsidiary in Irvine, Calif., according to the Orange County Business Journal.
The layoffs are slated for June 4, according to a Worker Adjustment & Retraining Notification Act notice filed with the Golden State’s Employment Development Dept., the newspaper reported.
Last summer Allergan announced 1,500 job cuts as it successfully fended off a hostile takeover bid by Valeant Pharmaceuticals (NYSE:VRX, TSE:VRX) and activist hedge fund mogul William Ackman’s Pershing Square Capital Management.
Those cuts included 129 jobs in October 2014 and another 371 last November in Irvine, according to the WARN filings. Allergan also laid off workers in Goleta and Carlsbad, according to the business journal.
Actavis paid $66 billion for Allergan in March.