TJX Lays Off 300 Employees

FRAMINGHAM, MA—TJX Companies and Sanofi Genzyme, its headquarters based in Framingham, laid off 300 employees on Thursday, including at its Framingham locations.

TJX, the parent company of Marshalls, TJ Maxx, HomeGoods, HomeSense and Sierra Trading post, said the layoff was attributed to restructuring. The company said while it was laying off employees, it planned to expand jobs in other areas.

"As corporate citizens, both companies have contributed to Framingham’s community fabric," said an official response from city officials in Framingham. "The planned layoffs are disappointing; however we recognize the need for our corporate partners to operate efficiently in rapidly changing markets."

TJX is a leading apparel and home fashion retailer in the United States and worldwide and has been recognized as a retailer poised for success in the new retail environment.

"TJX has made a long-term commitment to Framingham, having purchased their headquarters here a few years ago."
Sanofi Genzyme is a leader in life sciences, focusing on the development of the treatment for rare diseases. According to media sources, Sanofi Genzyme has indicated that it is investing more than $300 million into the Framingham facility and technology; streamlining its processes and adjusting staffing levels. Sanofi Genzyme has expressed its commitment to the City of Framingham.

"Moving Forward, We look forward to working with TJX and Sanofi Genzyme supporting their future growth and success," said Mayor Yvonne M. Spicer in a statement.