Helpful news for the former employees of Amgen, they get an extension on paying off a 2nd mortgage, but some feel this will help, but still not perhaps save the boat. 
Pharma layoffs in recent years have primarily been in the area of sales and marketing; however now with mergers, acquisitions, and outsourcing of R and D efforts, the science and research departments are going through much of the same. The face of R and D Development in Pharma is becoming more global and changing rapidly. BD
In the past year, plenty of people in Southern California have been pinched by the real estate crunch. During the same time period, about two thousand people have lost their jobs at Amgen, which is based in Thousand Oaks, north of LA.
As this morning’s Ventura County Star reports, Amgen’s giving a little extra breathing room to some unlucky folks who have been hit by a double whammy — losing their jobs and finding themselves on the wrong end of the housing bust.
http://blogs.wsj.com/health/2008/09/11/double-whammy-california-real-estate-bust-meets-amgen-layoffs/
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