GREENFIELD, Ind. — Job cuts at Elanco Animal Health as part of what they are calling a restructuring effort.
The company is planning to layoff some 250 workers by the middle of this month. As a result, leaders say the company will save around 12-million-dollars because of the decision.
“Our board and management team continually assess our organization to identify and execute opportunities to become a fit-for-purpose animal health company,” said Todd Young, chief financial officer of Elanco, to Inside Indiana Business. “While decisions that affect our team are difficult, today’s action will tighten our focus, centralize and strengthen key capabilities, and increase our agility to quickly meet the changing needs of our customers in a dynamic, global market.
Most of the job cuts are coming from other Elanco operations outside Indiana, such as research and development positions in Prince Edward Island in Canada.
Elanco went public on the New York Stock Exchange last year and used to be a a subsidiary of Eli Lilly and Company.