January 14, 2009

Pfizer to layoff up to 800 researchers

Filed under: pharmaceuticals,US — 7macaw @ 10:49 am
Tags: , ,

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

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at

%d bloggers like this: