Amgen cuts will cost 430 jobs in Boulder County

BOULDER, Colo. (AP) — Amgen’s plan to cut its worldwide workforce will mean the loss of about 430 jobs in Boulder County.

The California-based drugmaker announced Tuesday that it will lay off 12 to 15 percent of its worldwide workforce and close four sites, even as it reported stellar second-quarter results that trounced Wall Street expectations. It says it’s restructuring to free up money needed for investments in the business, particularly marketing and other costs for launching new drugs.