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Annual strategy review leads to 2,300 more firings
March 21, 2013
By: Gil Roth
President, Pharma & Biopharma Outsourcing Association
AstraZeneca held its annual strategy review at its Investor Day briefing in New York. The company announced two new partnerships, one new hire, and thousands more layoffs. AZ will fire 2,300 people in sales and administrative functions in the next three years. Combined with the restructuring announced earlier this week and another restructuring announced in February 2012, the “Phase 4” restructuring program will reduce AZ’s headcount by approximately 5,050 people by 2016. The ...
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