Topic:
Chutes and Ladders
Latest Headlines
Latest Headlines
Top 10 Pharma Layoffs of 2012
By the beginning of 2012, the pharma industry had endured one of the biggest shakeouts in the industry's history. Tens of thousands of jobs had been eliminated, and most employees had good reason to fear they would be next. Just after the New Year, PharmaIQ reported that a survey revealed that 44% of the people they contacted were afraid of losing their jobs.
Merck to shutter longtime NJ HQ in corporate reshuffle
For the past 20 years Merck has called its HQ complex in Whitehouse Station, NJ home. Now it's decided to vacate the premises and shutter the facilities, relocating its CEO and some 2,000 staffers to new digs scattered around New Jersey. And it's billing the reshuffle as a sign of its increasing corporate agility.
CEO exits as Cipla Medpro details 'gross misconduct' allegations
A few months ago, the South African drugmaker Cipla Medpro said its CEO had been suspended because of "serious allegations" it declined to specify. Now that CEO, Jerome Smith, has stepped down. The reason? "[A]n irretrievable breakdown in the working relationship with the board," the company said in a statement (as quoted by Reuters ).
Troubled Targacept whacks laboratory ops in latest restructuring
A string of setbacks in the clinic and on the business front has forced troubled Targacept to once again take out the budget ax. This time management aimed at the company's laboratory as execs cut back on the burn yet again to help conserve a considerable cache of cash.
Merck Serono totes up the toll of its 1,250 Geneva job cuts
In a somewhat unusual move, Merck Serono has given a person-by-person accounting of its Geneva headquarters shutdown. Those 1,250 Swiss staff targeted in that cost-cutting plan? They're landing on their feet, the company says.
Laura Brege takes over at Nodality after brief retirement
Welcome to this week's roundup of hirings and firings throughout the industry. Please send the good word (or the bad) from your shop to Alison Bryant ( email | Twitter ) and we will feature it...
Med devices vet Wahr joins new startup as CEO
Welcome to this week's roundup of hirings and firings throughout the industry. Please send the good word (or the bad) from your shop to Alison Bryant ( email | Twitter ) and Nesa Nourmohammadi (...
French minister backs Sanofi on job-cutting plans
A key French official has done an about-face on Sanofi's job cuts. After criticizing the company's cutback plans when they were announced in July, Minister of Productive Recovery Arnaud Montebourg, now says Sanofi "has the right to reorganize"--and to cut up to 2,500 jobs, provided unions sign onto the plan.
Bayer exec takes reins at J&J's troubled consumer products biz
Welcome to this week's roundup of hirings and firings throughout the industry. Please send the good word (or the bad) from your shop to Alison Bryant ( email | Twitter ) and Nesa Nourmohammadi (...
J&J picks Bayer AG exec to solve its consumer product mess
Johnson & Johnson has turned to an outsider to take over its troubled consumer products division and its attendant manufacturing mess.
