Dec. 10 at 6:58 PM
Pfizer is reducing its workforce in Switzerland as part of a multiyear cost-cutting initiative, according to Bloomberg News, which cited people familiar with the situation. The U.S. drugmaker plans to bring its Swiss headcount down to about 70 employees by the end of 2025, a sharp drop from the roughly 300 positions it currently maintains.
Sources said the cuts follow an overall downgrade of Pfizer’s Swiss operations within the company’s global organizational structure, reflecting a shift in strategic priorities. The move is part of Pfizer’s broader global program to streamline operations and lower expenses amid ongoing efforts to improve efficiency and adapt to a more challenging market environment.
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