Tuesday, November 10, 2009

Pfizer to cut 2,000 jobs

As Pfizer and Wyeth prepare for their merger, six out of the 20 combined research facilities will get closed. You can expect to see a heavy amount of reorganizing, consolidation, etc. This will result in the loss of 2,000 jobs (scientists, lab technicians, etc.).

These are very difficult times for people working in pharma. As jobs get cut, where do people go? Most look for other jobs in pharma. There's no security wherever you go. You could be a very loyal employee and your job may still get cut. I wonder if these pharma stories are causing some physicians to think twice before they leave their "stable" clinical careers.

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