Fifty employees of Covance in Madison are losing their jobs.
The Princeton, N.J., company gave workers the news on Thursday. Some of the job cuts took effect immediately, and others will occur in the "next several weeks," spokeswoman Melissa Thompson said.
She said some employees affected may be able to apply for openings elsewhere in Covance's Madison facilities. "There could be, for some employees, opportunities internally," Thompson said.
The staff reduction is part of a larger effort, disclosed in the company's earnings report in May, to streamline Covance's preclinical operations. It also involves closing its Chandler, Ariz., location, ending 130 jobs there by the end of the year.
The preclinical unit handles early testing of drug compounds for pharmaceutical companies, including an assessment of their potential safety. But Thompson said it does not involve clinical trials for which Covance is probably best known here, through advertisements to recruit paid volunteers.
Covance, 3301 Kinsman Blvd., is one of Dane County's top 10 employers, with about 1,900 employees, and its Madison site is one of the company's largest.
The drug development services company has annual revenues topping $2 billion, with more than 11,000 employees worldwide and offices or labs in more than 30 countries.