PFIZER-MYLAN COMBO VIATRIS TO REDUCE WORKFORCE BY 9,000

Highlights

• In the month of November, the US pharmaceutical giant Pfizer had joined hands with Mylan to create generics business Viatris

• As per the plan, Viatris by the year 2024 has a target of raising a minimum of $1 billion from its cost base, and it’s pl...

ESPN TO LAYOFF NEARLY 6 PERCENT OF ITS WORLDWIDE STAFF

Highlights

• Jimmy Pitaro, the chairman of ESPN told employees in a memo that the company has decided to lay off 300 employees, which is about 6 percent of its worldwide staff and not intending to fill 200 open positions

• As per the reports, this laying off will be ...

FORD TO ELIMINATE 1,400 U.S. SALARIED JOBS SAYS FORD AMERICA’S PRESIDENT GALHOTRA

Highlights

• The President of Ford America, Kumar Galhotra in an email to the employees said that the company is in a multiyear process of making Ford more fit and effective across the globe

• These layoffs are part of a multiyear $11 billion restructuring

...

WELLS FARGO & CO. TO RESUME LAYOFFS AS PART OF THEIR COST CUTTING INITIATIVE

Highlights –

• Wells Fargo & Co. to resume layoffs as part of their cost cutting initiative.
• The bank had initially paused its layoffs in March due to the pandemic.
• The bank also plans to close several of its branches.
• Th...