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Pfizer

Pfizer to Merge with Wyeth and Layoff 10% of Workforce / 50% of Sales Reps

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On Friday we reported that Pfizer was in talks to takeover Wyeth, and over the weekend the $68 Billion deal was finalized. The AP reports that Pfizer is cutting 10% of its workforce, slashing its dividend, and reducing the number of manufacturing sites. Inside sources exclusive to The Daily Anchor are saying that the layoffs will focus on Pfizer’s sales team, and that 50% of its pharmaceutical sales positions will be eliminated to make room for Wyeth.

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Pfizer to Takeover Wyeth? $60B Merger Discussions Underway

Pfizer is in talks to takeover rival drug maker Wyeth in a deal valued at $60 billion. The companies have reportedly been in talks for months but the deal is said not to be imminent. Here’s a rundown of the facts and numbers…

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Pfizer Layoffs 2009: New Details Emerge and Rumors Abound

Pfizer has announced a new round of layoffs. The cuts target 800 research positions, 556 sales positions in Italy, and nearly 1,000 sales positions in France. I’ve compiled the hard facts that have been reported thus far, as well as unsubstantiated but seemingly credible details on how Pfizer will determine who gets laid off…

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