QDIS Blog

The announcement of Pfizer laying off 10,000 people got me to thinking about recent big pharma who have also had layoff recently.

• Bayer AG to lay off 800 US Workers
• Eli Lilly to reduce its workforce by 6%
• Eli Lilly Abandons Prince William Project - washingtonpost.com
• Lilly Buyout to Cut All Icos Jobs
• Merck to Cut 11% of Staff, Close or Sell Five Plants: 7,000 Jobs to be Cut

Here are others I expect to make announcements about layoffs and downsizing in the first six months of 2007.

• Bristol-Myers Squib and Sanofi-Anvetis depending on the outcome of the decision on generic version of plavix.
• GlaxoSmithKline and Sanofi-Aventis will likely lay off sales force to keep up with other pharma companies

If you know of others that I’ve overlooked, pleas leave a comment.

Unfortunately, I think this is going to continue to be an issue for the foreseeable future. The drive to acquire pipelines resulting in mergers which then leads to layoffs and downsizing. It use to be that you could get a job with a major pharmaceutical company and work for them for years. Now, there is a constant threat of not having a job in two weeks. And it continues to amaze me how upper management can continue to complain about lack of loyalty of their employees. How do you expect employees to be loyal if they don’t know if they will have a job two week from now?!

Technorati Tags: down-sizing, layoffs, pharmaceutical companies

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