AstraZeneca said they are cutting 15,000 jobs over the next 4 years! Damn!!!! They originally planned to can just 7,600 jobs, but revised the number after their latest earnings report.

The company said it did not know what positions would be going down the toilet, but word has it it’s mostly R&D and sales.

Figures.

Here’s what CEO David Brennan had to say:

“AstraZeneca has delivered a robust performance in an increasingly challenging market environment. I am particularly pleased with our continued success in globalising our business, as shown by our strong performance in Emerging Markets. We are also making good headway in further improving the efficiency of our organisation. The expansion in the scope of our restructuring efforts is another important step towards sustaining our long-term competitiveness.”

Oh man, it gets worse and worse each day…

Image from gmgrd

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