Layoffs disclosed in WARN notice; Company is re-balancing its internal research efforts to focus on areas where it has differentiation.
Big pharma giant Pfizer is cutting 111 jobs from its San Diego research and development organization as it discontinues some drug development programs to re-balance its research portfolio.
According to the WARN filing, 25 workers have been notified that they are being laid off effective March 27. Another 60 will lose their jobs as of April 10. Then about 26 others will be let go on or before June 19. Pfizer, which employs 29,000 workers in the U.S. and 79,000 worldwide, is preparing for a revenue slowdown as demand for its COVID-19 vaccine drops and government inventories remain high.
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