Novartis announces 2000 job cuts! Link included.

[Anonymous]

900 of these cuts will be in the US. You would have to believe they would all be in sales and marketing.

The sad part is that they will probably cut even more in 2012!

http://finance.yahoo.com/news/Novartis-plans-2000-jobs-cuts-apf-981093677.html?x=0&.v=4

 

[Anonymous]

Read andre's email. Talks about 550 positions from global development but doesn't account for other 350 positions.

 

[Anonymous]

Doesn't take a genius at math here, next year there is a loss of over 30% of revenue, no way can the current structure be supported, no major blockbuster peaking in the next few yrs to help bridge it. If cuts aren't happening now, they will next quarter. Enjoy thanksgiving and get your resume out.

 

[Anonymous]

Don't forget outside influences like the huge hit from the donut hole payments and expected hit from implementation of health care reform. The costs have to be paid for some how since we aren't the feds!

 

[Anonymous]

Yes, will occur in early April.