Novartis to further reduce workforce amid restructuring

10 April 2024

Swiss drugmaker Novartis (NOVN: VX) has revealed fresh plans to slim down its workforce, with a further 680 US and Swiss positions to be cut.

The move comes on top of a much broader restructuring initiative, which could result in as much as 10% of the pharma giant’s global workforce being let go.

The latest staff reductions will affect its development organizational unit.

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