|
|
Article: Drugmaker Pfizer cutting up to 800 scientist jobs
- Article from:
- AP Worldstream
- Article date:
- January 13, 2009
- Author:
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
|
Pfizer Inc., the world's biggest drug company, is laying off up to 800 scientists this year in its latest effort to refocus disappointing research efforts and cut its massive overhead ahead of an anticipated crash in revenue.
New York-based Pfizer plans to reduce its global research staff of about 10,000 people by 5 percent to 8 percent this year, company spokeswoman Kristen Neese said Tuesday.
"This is in line with our refocused research areas," Neese said.
The move comes after the company announced in September it was narrowing its research focus to six disease areas _ Alzheimer's, cancer, schizophrenia, pain, inflammation and diabetes _ and abandoning new ...