Overview
- U.S. layoff notifications began Tuesday and are scheduled to run through late next week, according to an internal email and two sources.
- Teams slated for notifications include human resources, clinical development, rare diseases, medical and regulatory, legal, ethics and compliance, marketing and sales, finance, and public affairs.
- Denmark is targeted for 5,000 cuts, with departures accelerating in recent weeks and many aiming to be finalized by the autumn school holiday known as potato week.
- An online community dubbed 'Club 5,000' has formed among laid-off Denmark staff, while unions report generous severance packages and say the process was agreed with internal member clubs.
- Novo plans to eliminate about 9,000 roles globally under new CEO Mike Doustdar, and the shares are up roughly 6% since the Sept. 10 restructuring announcement as employees warn of production risks from cuts to quality and line functions.