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Navigating Rehire Waves at Amgen: Strategies for Returning to Familiar Shores

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Healthcare Provider Update: Healthcare Provider for Amgen Amgen provides healthcare coverage primarily through various employer-sponsored plans that include offerings from national insurers. These plans are designed to support employees and their families, ensuring access to necessary medical services and medications. Potential Healthcare Cost Increases in 2026 In 2026, Amgen employees and retirees may face a significant surge in healthcare costs due to anticipated rate hikes in the Affordable Care Act (ACA) marketplace. Several states are expecting premium increases of over 60%, largely driven by the expiration of enhanced federal subsidies. As these subsidies fade, combined with rising medical expenses and aggressive pricing from insurers, many individuals could see their out-of-pocket premiums rise by more than 75%. This perfect storm of factors poses a considerable financial challenge for those relying on ACA coverage, necessitating careful planning and consideration of available options. Click here to learn more

'Amgen employees should view rehiring opportunities not just as a return to familiar ground, but as a strategic career move to leverage experience and negotiate improved terms, especially in today's fluid labor market,' — Paul Bergeron, a representative of The Retirement Group, a division of Wealth Enhancement Group.

'Amgen employees navigating rehiring offers should carefully assess their financial goals and career growth opportunities before returning, turning workforce shifts into a strategic advantage,' — Tyson Mavar, a representative of The Retirement Group, a division of Wealth Enhancement Group.

In this article, we will discuss:

  1. Evaluating whether to return to a former employer after a layoff.

  2. How companies like Amgen are using technology to streamline rehiring.

  3. The strategic advantages for both employees and employers in the rehire process.

Many Amgen employees, along with others in the energy sector, have experienced the flux of being laid off and then rehired, reflecting the unpredictable waves of the labor market. Notably, even industry giants like Amgen have been part of this trend, recalling employees to navigate through the changing economic landscapes and operational needs.

The decision to return isn't merely about accepting a job offer; it involves a thorough assessment of one’s financial status and other available job prospects. Career adviser Debra Wheatman recommends that individuals evaluate their current financial health and job market opportunities to make a well-informed decision.

Gaining a bit of leverage is often a part of this process. As Wheatman points out, returning employees might have the opportunity to negotiate better terms than before, potentially leading to improved roles, higher compensation, or more stable job conditions at Amgen.

However, individual stories reveal diverse experiences. For example, after a brief layoff from a marketing agency, Jessica Swenson chose to return as a contractor, finding that the flexibility better suited her career aspirations, emphasizing the growing importance of adaptability in professional settings.

Conversely, Kristie Jones, who dealt with an impersonal layoff process, opted not to return to her previous employer, moving instead into consultancy. This shift underscores a common path for many who seek independence after corporate disenchantments.

Amgen is leveraging advanced technologies like artificial intelligence through platforms like Visier, which meticulously track employment records to streamline the rehiring process. This methodical approach aids in aligning qualified candidates with suitable positions efficiently, utilizing detailed data analysis [source needed].

Moreover, the corporate recognition of rehiring's advantages, such as reduced onboarding time and familiarity with company culture, is increasing. Reemployed individuals often adapt more quickly and cost-effectively, providing a quicker return on investment for the company.

The manner in which layoffs are executed is crucial, as it affects the likelihood of rehiring. Fostering a respectful layoff process helps preserve professional relationships and keeps a pool of potential candidates ready for when market conditions favor reemployment.

Matt Massucci, CEO of Hirewell, notes that the reasons behind a separation—be it performance issues, strategic shifts, or economic factors—greatly influence rehire possibilities. Both Amgen and its workforce must navigate these complexities with a clear understanding of each other's perspectives.

Ultimately, the decision to return to Amgen should come after thoughtful consideration of the pros and cons, influenced by the initial separation's circumstances. As the labor market evolves, such decisions are increasingly viewed as strategic career moves rather than mere opportunities.

The concept of 'unretirement' is becoming prevalent, especially among older workers nearing retirement age. A significant portion of retirees reenters the workforce, driven by the need for engagement or financial necessities. Companies, including Amgen, appreciate the unique perspectives and reliability that seasoned professionals bring during turbulent economic periods.

Explore how to handle rehire proposals and draw on your experience when considering a return to Amgen after a layoff. Learn from others who have navigated this path successfully and understand how your familiarity with the company can reduce onboarding challenges and facilitate a smoother reintegration.

Reflecting on the labor market's fluid nature, consider the analogy of ocean tides. Just as tides ebb and flow, Amgen might reduce its workforce during downturns but also reengage skilled professionals when conditions improve. For those seasoned in navigating these shifts, it presents an opportunity to reassess and potentially return to a familiar environment, equipped with experience and strategic foresight.

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Source:

1. Weber, Lauren. 'The Company That Laid You Off Wants You Back. What Do You Say?'  The Wall Street Journal , 24 Apr. 2025,  www.wsj.com/articles/company-layoffs-rehiring-employees-2025 .

2. Cadmus, Jay. 'I Was Laid Off at 55 and Took 6 Months to Find a Job.'  Business Insider , June 2024,  www.businessinsider.com/laid-off-older-workers-rehire-job-hunt-2024-6 .

3. Schooley, Skye. 'Best Layoff Practices: Can You Lay Off and Hire at the Same Time?'  Business News Daily , 23 Oct. 2023,  www.businessnewsdaily.com/15785-layoff-rehire-best-practices.html .

4. Cook, Ian. 'Hiring After Layoffs: What Employers Need To Know.'  Visier , 19 Sept. 2023,  www.visier.com/blog/hiring-after-layoffs/ .

5. Fischman, Wendy. 'Rehiring Furloughed and Laid-Off Workers Post-Pandemic.'  Potomac Law Group , 13 May 2020,  www.potomaclaw.com/news-rehiring-furloughed-laid-off-workers .

What is the 401(k) plan offered by Amgen?

Amgen offers a 401(k) plan that allows employees to save for retirement through pre-tax contributions, which can help reduce taxable income.

How can I enroll in Amgen's 401(k) plan?

You can enroll in Amgen's 401(k) plan by completing the enrollment process through the company's benefits portal during your eligibility period.

Does Amgen offer a company match for its 401(k) contributions?

Yes, Amgen provides a company match for employee contributions to the 401(k) plan, which helps enhance your retirement savings.

What is the maximum contribution limit for Amgen's 401(k) plan?

The maximum contribution limit for Amgen's 401(k) plan is determined by IRS regulations, which are updated annually. Employees are encouraged to check the current limits.

Can I change my contribution percentage to Amgen's 401(k) plan?

Yes, you can change your contribution percentage to Amgen's 401(k) plan at any time through the benefits portal.

What investment options are available in Amgen's 401(k) plan?

Amgen's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock, allowing employees to diversify their portfolios.

When can I start withdrawing from my Amgen 401(k) plan?

You can start withdrawing from your Amgen 401(k) plan after reaching the age of 59½, or under certain circumstances such as hardship withdrawals or termination of employment.

Does Amgen provide financial education resources for 401(k) participants?

Yes, Amgen offers financial education resources and tools to help employees make informed decisions about their 401(k) savings and investments.

Is there a vesting schedule for Amgen's 401(k) company match?

Yes, Amgen has a vesting schedule for the company match in the 401(k) plan, which means you must work for the company for a certain period before the match becomes fully yours.

Can I take a loan from my Amgen 401(k) plan?

Yes, Amgen allows employees to take loans from their 401(k) plan under specific conditions, providing a way to access funds while still saving for retirement.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Amgen offers both a traditional Defined Benefit Pension Plan and a 401(k) plan with company match. The pension plan provides a fixed monthly benefit based on years of service and salary. The 401(k) plan includes various investment options and financial planning resources.
In 2024, Amgen announced a significant restructuring that includes layoffs affecting several departments and a reevaluation of their pension plan. The company is also making changes to their 401(k) benefits, including reduced employer contributions and updated vesting schedules.
Amgen issues RSUs to its executives and eligible employees as part of its equity incentive plan. RSUs vest over a period of three years, aligning employees' interests with company performance.
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For more information you can reach the plan administrator for Amgen at One Amgen Center Drive Thousand Oaks,, CA 91320; or by calling them at (805) 447-1000.

*Please see disclaimer for more information

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