2009 has been a dreadful year for pharmaceutical job cuts. A survey report stated that 58,969 pharmaceutical and biotech jobs were cut this year, that’s an astonishing 15,000 more than 2008.
According to Fierce Pharma’s third annual list of the pharmaceutical industry’s top layoffs , Pfizer and Merck feature at top of the list. Pfizer’s job cuts have come as a result of the company’s $68 billion buyout of Wyeth, leading to 19,500 jobs being cut.
Top 10-
1. Pfizer – 19, 500 jobs
2. Merck – 16, 000
3. Johnson & Johnson – 8, 900
4. Astra Zeneca – 7, 400
5. GlaxoSmithKline – 6, 000
6. Eli Lilly – 5, 500
7. Teva Industries – 1, 090,
8. Sepracor – 940
9. King Pharmaceuticals- 770
10. Sanofi-Aventis – 750
If you haven’t been a victim of these recent redundancies within the pharmaceutical industry, it is more than likely that you will know someone who has. If you have been made redundant, it is important that you bear in mind that, whilst you may well be devastated, redundancy can, at the same time, be liberating and will not affect your employability within the pharmaceutical industry. Try to think of redundancy as an opportunity for change and BE POSITIVE !
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