News Item:
Pfizer to lay off 10,000

As patents expire, generic drugs hit the market, and that’s taking its toll on Pfizer’s profits.  The pharmaceutical giant is cutting its workforce by 10% to balance the bottom line.  Analysts predict Pfizer could lose over 40% of its market within the next 5 years.  Company stock has been sliding also.  Full story below.

Link: Miami Herald

Cartoon from Sid in the City

Be Sociable, Share!