New report re-ignites fresh buzz that Bayer is prepping an R&D overhaul and job cuts
Just a few months after a German publication reported that Bayer was prepping a top-to-bottom R&D review to see how much money — and jobs — could be squeezed out, the rumor mill has turned smoking hot again with a report from Reuters that seems to confirm the scuttlebutt.
Germany’s Wirtschaftswoche got it started at the end of May that the cuts reach up to 1,000 in the reorganization. Now Reuters reports that job cuts and outsourcing are on the table as the German drug company looks to raise more cash to in-license new therapies for its pipeline.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.