The biopharma industry recently hit a rough patch with several major companies laying off workers. Roche is shutting down its Nutley, NJ, R&D site and planning to eliminate 1,000 jobs by the end of 2013. Novartis is planning to cut about 2,000 jobs nationwide, on top of 2,000 earlier European job cuts. AstraZeneca, Abbott, Takeda, Merck Serono, and Pfizer are also planning to lay off workers. However, there are possible silver linings: smaller biopharmas are expected to grow, and big pharma companies are beginning to hire new staff to cover areas left underserviced. So, how do you feel about your job stability right now?
Do you think the rough patch the biopharma industry is going through will affect your job stability?
Not at all
It Already Has