Pfizer the world’s biggest drugmaker, may fire almost a third of its U.S. sales force, or as many as 2,400 workers, in a plan under consideration by senior management, people familiar with the discussions said.
The firings, which will include middle managers, add to more than 14,000 jobs already chopped by Kindler in two years, as he has closed research labs and broken the company into smaller units. Pfizer needs to reduce spending because it doesn’t have enough new products to replace the more than $12 billion in revenue it will begin losing in three years when its top-selling Lipitor cholesterol pill loses patent protection.
More at Bloomberg
The firings, which will include middle managers, add to more than 14,000 jobs already chopped by Kindler in two years, as he has closed research labs and broken the company into smaller units. Pfizer needs to reduce spending because it doesn’t have enough new products to replace the more than $12 billion in revenue it will begin losing in three years when its top-selling Lipitor cholesterol pill loses patent protection.
More at Bloomberg
1 comment:
If you are one of the displaced Pfizer reps, don't loose heart. there are companies out there that want you. I know several Pfizer reps from all over the country that have started up with them. if you need work, send a note restoremed@gmail.com and see if they are looking for representation in your area.
Best of luck to everybody!
Post a Comment