Pfizer to cut 10,000 jobs, shut 5 plants No. 1 drugmaker unveils an additional $1 billion in restructuring moves; net income surges on sale of consumer health care business.

Citing Pfizer spokesperson, Sky News highlighted that the announcement comes within the context of Pfizer's company-wide cost-cutting measures, driven by lower-than-expected sales of its COVID-19 ...

U.S. drugmaker Pfizer Inc plans to reduce its global headcount by around 2 percent through voluntary retirements and layoffs this year and early next year, as it looks to streamline its corporate ...

A hammer few saw coming landed on the Lincoln economy Thursday when Pfizer, one of the city's largest employers, announced it would cut 300 local jobs over the next few years. Pfizer employees ...

Monday's analyst meeting follows Pfizer's announcement on Dec. 2 that it had halted late-stage studies of torcetrapib, a drug that raises "good" HDL cholesterol, due to safety concerns.

PORTAGE, Mich. — Portage city leaders are responding to a major announcement from pharmaceutical giant, Pfizer. Low demand for the drug maker's COVID-19 products is putting 200 employees out of ...

The job cuts also come ahead of an anticipated U.S. patent loss for Pfizer’s big-selling Lyrica to treat nerve and muscle pain. The drug pulled in $3.46 billion in the U.S. last year.

This round of job losses also comes after the announcement in November that Pfizer's Ringaskiddy site was set for a €17m expansion.