Pfizer to layoff up to 800 researchers
U.S.-based pharmaceutical company Pfizer Inc. (NYSE: PFE) is going to lay off as many as 800 researchers this year.
The world’s largest pharmaceutical company by sales Tuesday told scientists and technicians at its labs around the world that it is eliminating their jobs, according to a person familiar with the matter. By year end, the New York drug maker expects to have laid off 5% to 8% of its 10,000 research employees, according to Martin Mackay, who heads Pfizer’s research and development.
Source: The Wall Street Journal
