Thousands of layoffs planned as part of Novartis restructuring — report

Novartis’ sweeping restructuring will reportedly lead to thousands of job cuts worldwide, including a “three-digit number” in its home of Switzerland.

Swiss newspaper Tages-Anzeiger first reported the plans, citing unnamed sources. In response to a query from Endpoints News, a Novartis spokesperson said roles will “inevitably” be impacted but declined to discuss numbers.