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Companies that develop medicines have been bleeding jobs in the last few months, with three — Biogen Idec, Charles River Laboratories and NicOx — announcing about 1,000 new workforce cuts this week. When will the bleeding stop?

Continue reading Pharmaceutical and Biotech Jobs Keep Disappearing

Pharmaceutical and Biotech Jobs Keep Disappearing originally appeared on DailyFinance on Thu, 04 Nov 2010 19:45:00.

Filed Under: Economy, Health Care

Sanofi-Aventis (SNY) said Friday it plans to lay off 1,700 workers at its U.S. pharmaceutical operations, which amounts to about 25% of its U.S. workforce. The cutbacks are part of an ongoing restructuring to streamline its business amid a “challenging health care marketplace,” the company said in a statement.

The French drugmaker said decisions about the layoffs will be finalized in mid-December….

Continue reading Sanofi-Aventis to Cut 1,700 Jobs in the U.S.

Sanofi-Aventis to Cut 1,700 Jobs in the U.S. originally appeared on DailyFinance on Fri, 08 Oct 2010 11:47:00.

Filed Under: Company News, Economy, Sanofi Aventis, Careers

Bank of America (BAC) is reportedly laying off as many as 400 people as revenue from trading and advising clients falls.

Bank of America, the country’s largest bank by assets, is laying off people ranging from junior analysts to managing directors, Bloomberg News said without naming its sources.

“This sounds like an acceleration of the usual year-end cutbacks among the lowest…

Continue reading Bank of America Reportedly Planning Layoffs

Bank of America Reportedly Planning Layoffs originally appeared on DailyFinance on Tue, 21 Sep 2010 07:02:00.

Filed Under: Company News, People, Investing, Bank of America, Credit