Thousands of layoffs planned as part of Novartis restructuring — report
Novartis’ sweeping restructuring will reportedly lead to thousands of job cuts worldwide, including a “three-digit number” in its home of Switzerland.
Swiss newspaper Tages-Anzeiger first reported the plans, citing unnamed sources. In response to a query from Endpoints News, a Novartis spokesperson said roles will “inevitably” be impacted but declined to discuss numbers.
The new organizational structure which we announced last week is central to our growth strategy as it will make us more agile and competitive, enhance patient and customer orientation, unlock significant potential in our R&D pipeline and drive value creation through operational efficiencies. These efficiencies will come through leaner structures and will inevitably lead to roles being impacted.
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