By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    headphones can create health problems
    The Harmful Health Effects of Using Headphones
    September 24, 2021
    Headache causes
    4 Causes Of Headache You Probably Didn’t Know About
    December 28, 2021
    follow these steps to recover from your injury
    What Steps Should You Take to Recover More Quickly from an Injury?
    April 12, 2022
    Latest News
    7 Most Common Healthcare Accreditation Programs: Which Should You Use?
    August 20, 2025
    Hospital Pest Control and the Fight Against Superbugs
    August 20, 2025
    Hygiene Beyond The Clinic: Attention To Overlooked Non-Clinical Spaces
    August 13, 2025
    5 Steps to a Promising Career as a Healthcare Administrator
    August 3, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    private
    Private Exchanges: Getting Ready for Individual Health Insurance to Be the Standard
    January 9, 2014
    valueable healthcare programs
    5 Most Valuable Healthcare Programs in 2023
    March 8, 2023
    Johnson & Johnson to Release Clinical Trial Data in Agreement with Yale Medical School
    February 4, 2014
    Latest News
    How Social Security Disability Shapes Access to Care and Everyday Health
    August 22, 2025
    How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
    August 22, 2025
    How One Fall Can Lead to a Long Road of Medical Complications
    August 22, 2025
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: More US Pharmaceutical Industry Downsizing
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > More US Pharmaceutical Industry Downsizing
BusinessNews

More US Pharmaceutical Industry Downsizing

David Avitabile
David Avitabile
Share
2 Min Read
SHARE

job_cuts in pharmaThe U.S. pharmaceutical industry has taken some pretty severe hits over the past decade, and recent news suggests that it isn’t over yet.

job_cuts in pharmaThe U.S. pharmaceutical industry has taken some pretty severe hits over the past decade, and recent news suggests that it isn’t over yet. On December 3rd,  GlaxoSmithKline is expected to announce hundreds of job cuts in the United States, including jobs at GSK’s Philadelphia and Research Triangle Park locations.

These latest job cuts are in response to the GSK’s need to reduce expenses by approximately $1.6 billion over the next three years, and becoming “a smaller, more focused organization,” according to a company spokesperson. GSK is responding to declining sales in the third quarter of 2014.

Clearly, the pharmaceutical industry is seeking new ways to do business that improve R&D productivity, create leaner operations and establish a sharper focus on specialty markets. Unfortunately, this translates into difficult times ahead for those working at pharmaceutical companies.

More Read

money and steth pic
The UK and Japan Moving to a National Rewards System: Is the US Next?
Are Those Cute Baby Pictures in the Doctor’s Office Offending HIPAA?
FDA Approves Another Drug for Erectile Dysfunction to Compete with Viagra
Gun Law Reform Should Not Require Medical Records
Super Nurse: 4 Pointers to Help You Become a Truly Extraordinary Nurse

I’m predicting that we’ll see more of the same in 2015, as pharmaceutical companies continue to adapt and transform themselves in response to incredibly challenging market conditions and a new healthcare economy emerging in the United States.

Fortunately, other areas of healthcare are experiencing significant growth, including telemedicine, mHealth, diagnostics and personalized medicine. As these areas continue to grow, we are likely to see jobs migrating from pharma into these market sectors as people seek new opportunities.

For more information on what we believe 2015 will hold for healthcare professionals, download our free Healthcare Marketing Report.

                                 Healthcare Marketing Report

COVER_MANA_Healthcare_Marketing_Report_2015_FINAL

TAGGED:jobspharma
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

engineer fitting prosthetic arm
How Social Security Disability Shapes Access to Care and Everyday Health
Health care
August 20, 2025
a woman explaining the document
How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
Public Health
August 20, 2025
physiotherapist at work
How One Fall Can Lead to a Long Road of Medical Complications
Health care
August 20, 2025
Common Healthcare Accreditation Programs
7 Most Common Healthcare Accreditation Programs: Which Should You Use?
Health News
August 20, 2025

You Might also Like

Physicians Leaving – Things Just Aren’t Working Out Between Us….

September 28, 2011
mobile email
Business

Two Words That Should Dominate Your Internet Marketing Plan

December 16, 2014

Effective Healthcare Campaigns Start With These 4 Elements

August 6, 2015

There is No Such Thing as an “Unbundled” Medical Bill

November 28, 2011
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?