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Advertisement

Trends: Industry Job Cuts

July 2, 2008
By Angie Drakulich
News
Article
Pharmaceutical TechnologyPharmaceutical Technology-07-02-2008
Volume 32
Issue 7

Staff reductions are not surprising with the state of the economy and falling pharmaceutical sales.

Given the current state of the economy and the fact that pharmaceutical sales have been crunched over the past several years, job cuts are not surprising. The US unemployment rate has gone up a full percentage point in the past year, from 4.5% in May 2007 to 5.5% in May 2008; the rate in New Jersey went up from 4.3% to 5.0%. Below is a look at some of the largest cuts that pharmaceutical companies—nearly half of them based in New Jersey—have announced since early 2007.

(Raymond Medici/Getty Images, Cartesia/Getty Images)

Companies and announced job cuts

Articles in this issue

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Coming Down the Pike: Protein-Substrate Binding
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Trends: Industry Job Cuts
Self-Emulsifying Drug Delivery Systems
A Path to Quality and Compliance
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Improved Mass Determination of Poly(ethylene glycols) by Electrospray Ion-Mobility Time-of-Flight Mass Spectrometry Coupled with Ion–Molecule Reactions
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Excipients in Polymeric Drug Delivery and Formulations
ePedigree: Using the Gift of Time Wisely
Variables Affecting Reconstitution Time of Dry Powder for Injection
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Report From: The Netherlands
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Manufacturing Insights: Pfizer
Inside IPEC: Dual-Use Labeling
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Deviations and Delays
i1-529161-1408664221482.jpg
Talked to Your Peers Lately?
The Benefits and Challenges of PEGylating Small Molecules
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How to Pay for it All?
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