Tag Archives: jobs

Pharma Leads the Pack in July Job Losses

By Ben Comer | Published: August 3, 2011
Springtime optimism and the gentle steam of a perceived economic recovery in the US has all but dissipated, with the blanketing heat of deficit politics and a job situation that’s anything but august. In July, the US pharmaceutical industry shed 13,493 jobs, more than any other sector, according to an updated Challenger, Gray & Christmas [...]
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Merck to Axe 7,200 Positions

By George Koroneos | Published: October 22, 2008
Not much in the way of good news at Merck this morning. The pharma giant announced that it is revising its financial guidelines through 2010, and eliminating 7,200 positions by 2011. The move is expected to save the company $3.8 billion to $4.2 billion through 2013. The layoffs will be staggered throughout different parts of the [...]
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