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Fewer Cuts or Fewer Left to Cut?

Apr 06, 2010

Derek Lowe at In the Pipeline says he hopes a report from Challenger, Gray & Christmas holds. That outplacement consultancy firm says that layoffs in the pharmaceutical industry have slowed: March 2010 saw 308 cuts, which, the report says is well off last year's pace. Lowe says how you interpret the news relies on your worldview. "Perhaps there just aren't so many people to cut any more, at least not at early-2009 rates. But it may be that things have bottomed out. The real question will be whether the industry can get back to adding jobs in the US," he writes.

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