Employment News
Johnson & Johnson Lays Off 900 Pharma Workers
By Erik Even | Dated: 04-10-2009
Johnson & Johnson is cutting 900 jobs in one of its pharmaceutical units, about 6% of its US pharmaceutical positions.The cuts will mostly affect sales representatives in the Ortho-McNeil-Janssen Pharmaceuticals unit. Some workers will be laid off, while other jobs will be eliminated through attrition and hiring freezes.
The firm blames a loss of revenue when one of its drugs went generic. Apparently, they had no idea that would happen.
Johnson & Johnson had 119,000 employees as of December.
Johnson & Johnson is a global American pharmaceutical, medical devices and consumer packaged goods manufacturer, founded in 1886.
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