ZURICH—Roche plans to cut 300–400 jobs this year at product development (PD) sites, company executives including Chief Medical Officer Levi Garraway said during a recorded video call with employees obtained by Swiss newspaper Blick. “We’ve made the difficult decision to reduce our workforce in PD by around five to seven percent by the end of the year,” Garraway said on the call. “And that equates to somewhere between 300 to 400 roles that will be impacted globally.” Roche employs 101,000 people worldwide. The Basel-based company confirmed the video call took place and said in a statement it would be working with all employees to help soften the blow of losing their jobs. “Based on current assumptions, the planned shifting of even more resources in Product Development (PD) into the development of new medicines may result in a reduction of 300–400 positions globally,” a Roche spokesperson said in a statement to …
Originally found on the Epoch Times Read More
