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Pfizer company logo is seen at a Pfizer office in Puurs, Belgium, December 2, 2022. REUTERS/Johanna Geron/ File Photo Acquire Licensing Rights
Nov 14 (Reuters) – Pfizer (PFE.N) will cut 500 jobs at its Sandwich, Kent site in the U.K. as part of a cost-cutting effort, the drugmaker said on Tuesday.
The U.S. drugmaker announced a $3.5 billion cost-cutting program in October after slashing its full-year revenue forecast due to lower-than-expected sales of its COVID-19 vaccine and treatment.
The layoffs follow the discontinuation of its Pharmaceutical Sciences Small Molecule operations at the site, the company said.
Reporting by Christy Santhosh; Editing by Shailesh Kuber and Sriraj Kalluvila
Our Standards: The Thomson Reuters Trust Principles.
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