Pharmaceutical giant Merck said Wednesday that it will cut 7200 jobs by the end of 2011 to lower costs, with 40% of the reductions coming from the U.S.
Merck also will cut its number of senior and mid-level executives by about 25%.
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Showing posts with label layoffs. Show all posts
Showing posts with label layoffs. Show all posts
Wednesday, October 22, 2008
Wednesday, October 15, 2008
Pfizer - attention drug reps; incoming!
One hint that Pfizer layoffs will only continue: The company extended its severance-package program, which was due to expire at year's end, through mid-2009, because the drugmaker couldn't treat new layoffs differently from those cut previously.
According to sources close to the action, those layoffs probably would include a large number of sales reps.
FiercePharma has the report.
And Ed at Pharmalot has the story.
According to sources close to the action, those layoffs probably would include a large number of sales reps.
FiercePharma has the report.
And Ed at Pharmalot has the story.
Sunday, September 28, 2008
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