Tag Archives: layoffs

Roche Joins the Roll Call of Pharma Layoffs

So, Roche is the latest industry giant to announce seismic job cut plans — 6 percent of its global workforce — or 4800 jobs — will go by 2012.  The Swiss company aims to generate annual cost saving of 2.4 billion Swiss francs in the process. But don’t be swayed by the European currency — […]
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2010: A Year of Big Layoffs for Big Pharma

What are the factors that are contributing to the layoffs that have taken place at virtually all the Big Pharma companies this year? According to the newly released Job-Cut Announcement Report from outplacement consultancy firm Challenger, Gray & Christmas, pharma has cut more than 6,000 jobs in September alone, and more than 43,000 so far […]
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What Is Behind the Genzyme Job Cuts?

Troubled biotech Genzyme’s (Cambridge, MA) planned elimination of over 1,000 jobs (10% of its 12,800 workforce, according to the Boston Globe) over the next 15 months is not related to the takeover bid from French giant Sanofi Aventis, the company has said.
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Pfizer NYC Tower Up For Sale

Image by Getty Images via Daylife Pfizer’s New York tower is on the market, but the pharma giant is not planning on leaving Manhattan. The New York Times, on Tuesday, reported that the company is willing to put millions of dollars in tax breaks on the line to consolidate its New York offices. “We are […]
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AstraZeneca to Slash 8,000 More Jobs (Updated 2/3/10)

Last year, AstraZeneca announced the elimination of some 15,000 jobs. Last Thursday, the London-based company revealed that it plans to lay off another 8,000 by 2014—this despite global revenue growth of 4 percent for 2009. Much of the drive for this addition labor sculpting stems from AZ’s desire to streamline its R&D; the company will […]
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