The pharmaceutical giant Pfizer is implementing a new cost-saving initiative that has resulted in job cuts at several of its manufacturing facilities. Reports indicate significant layoffs at a major plant in Portage, Michigan, and at two sites in North Carolina. These reductions follow a substantial job cut at Pfizer's Sicily plant, affecting a large portion of its workforce there. The company stated these actions are part of a broader $2.5 billion cost-cutting plan to optimize its manufacturing network. These personnel changes are likely an early start to a plan that will continue through 2029.
https://www.fiercepharma.com/pharma/pfizer-layoffs-hit-michigan-north-carolina-and-italy-25b-cost-cutting-effort-kicks