Layoff News
Since completing a $68 billion acquisition of Wyeth pharmaceuticals in October of last year, Pfizer has laid off 9,200 workers and has announced plans to lay off thousands more more. A quarterly report filed with the SEC on Friday included the following:
At the end of the third quarter of 2010, the workforce totaled approximately 111,500, a decrease of 5,000 from December 31, 2009. Since the closing of the Wyeth acquisition on October 15, 2009, the workforce has declined by 9,200, primarily in the U.S. Primary Care field force, manufacturing, R&D and corporate operations. We expect to exceed our original 15% workforce reduction target.
With a market capitalization of $134 billion, Pfizer is the world’s largest pharmaceutical company.
- Employment News (Sponsored by EmploymentSpectator)
- Following Your Passion-Literally! (Sponsored by iamnotastalker.com)
- Job Search Advice from the CEO of TravelingCrossing (Sponsored by aharrisonbarnes.com)
- Layoff News (Sponsored by LayOffWatch)
Testimonial of the Week
EmploymentCrossing is great because it brings all of the jobs to one site. You don't have to go all over the place to find jobs.
- Kim Bennett Iowa,
Only TravelingCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.
- We have more jobs than any other job board.
- We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
- We collect jobs from more than 4,429,376 websites and post them on our site.
- We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.
