Endo seeks efficiency savings, fires 90 staff
Ireland-incorporated drugmaker Endo International (Nasdaq: ENDP) has continued its drive to realize efficiency savings with a new round of layoffs, focusing on its US-based corporate and R&D functions.
The move follows steps taken last May to restructure the company’s generics and US branded pharmaceutical business units, in which 740 staff were fired, saving the company $60 million in annual costs.
The latest restructuring will reduce the company’s workforce by approximately 90 full-time positions and will result in restructuring cash charges of around $15 to $20 million.
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