Where The Jobs Aren’t: The Layoff Tally
5 CommentsBy Ed Silverman // December 13th, 2007 // 7:36 am
C is for contraction. C is also for convulsion. Both describe what pharma is experiencing these days. And the number of jobs being cut makes it all too clear. The trend - whether one calls it layoffs, restructuring, downsizing or reorganization - was under way a few years ago, of course, when Merck began eliminating thousands of jobs. Wyeth also began trimming a while back. But 2007 has been particularly severe for the industry.
In fact, the pace has picked up considerably since we last ran this list of planned job cuts in October.
Have we forgotten anyone? Please tell us, because we will update:
1. Pfizer - 10,000 jobs
2. AstraZeneca - 7,600 jobs
3. Bayer - 6,100 jobs
4. Johnson & Johnson - 5,000 jobs
5. Bristol-Myers Squibb - 4,300 jobs
6. Novartis - 3,750 jobs
7. Amgen - 2,600 jobs
8. Glaxo - 1,650 jobs*
9. King - 520 jobs
9. Sepracor - 300 jobs
10. PDL BioPharma - 250 jobs
11. West Pharmaceutical - 250 jobs
12. Abbott - 200 jobs**
13. Neurocrine Biosciences - 130 jobs
* Incomplete total, reflects US and Puerto Rico only
** Research only; doesn’t include sales reps following Kos acquisition
Of course, C is also for collateral damage, too. This list doesn’t count all the layoffs in the supporting industries and vendors: advertising agencies, marketing companies, med-ed agencies, printing companies, mail houses, and venues for education and promotional meetings. As one reader reminded us last time - imagine the layoffs at companies that provided all the pens, coffee cups, clocks, notepads, baseball caps, tote bags, and backpacks that are given to docs. To quote that loyal reader: “This is not your father’s pharma industry and never will be again.”
adam
It’s hard to say that all these layoffs mean collateral damage. Pfizer, for example, has layed off (laid off?) thousands, but has also outsourced a tremendous number of project management and administrative to staffing agencies — in some cases, employees that were slated for termination were asked to re-apply through these third parties.
Mark
Also - Neurocrine (~250)
You should also mention the companies that were innovative small companies, purchased by large pharma and then dissolved with employees subsequently laid off. For example Idun (bought by PFE), VGI (bought by Bayer) and many others. Products were purchased and people were let go.
Jorge H. Rodriguez
In the 1950’s Puerto Rico and USA devised the most extraordinary strategy to launch the transformation of the the extremely poor island and the growth of american industry: tax incentives, IRS Code 936!!! Under this strategy US Corporations were able to fuel its growth with DOLLARS THAT OTHERWISE would go to FOREIGN COUNTRIES….Bill “the Cigar” Clinton was so dizzy savoring that he permitted the right wing of puertorrican statehooders in 1993 convince him to make such a VITAL TOOL FOR THE ENTIRE US ECONOMY even against the warnings of the major US Companies including ALL THE LISTED ABOVE….SINCE ELIMINATION OF 936 US ECONOMY HAS TURNED for the WORST….but nobody wants to recognize, for after all at the time it were the statehooder purtoricans who asked the USA to embark on a hike down Mount Everest!!!!! TENS OF THOUSANDS OF JOB FROM BOTH PR and USA LEFT TO THE FAR EAST!!! Thanks to Bill and puertorrican statehooders who want to be that but know NOT ONE SYLLABLE of English!!!
Jorge H. Rodriguez
Information: thru Code 936 US companies creating jobs in Puerto Rico would pay little or no taxes on profits made through those operations. With thos tax dollars saved, which were not given to the federal Government to finance wars and whatever other mischief could be invented…those corporations SUSTAINED THE MANUFACTURE OF THEIR PRODUCTS in Puerto Rico, SUSTAINED Thousands of MANAGEMENT and New product RESEARCH JOBS throughtout the USA!!!!!!
A WIN - WIN Formula for the ENTIRE USA. BUT Bill got fooled by the dummest of them all….puertorricans who want to have their hair bleached blond aand use bluish contact lense! for they are ashamed of what they are!!!….
webted
Icos Corp. 700 employeess laid off after Lilly finalized their purchase of the company
https://fortress.wa.gov/esd/uia/warn/public/searchwarn.aspx