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
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • 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

medical practice profitability
A Simple Way to Improve the Profitability of a Medical Practice
Who talks more? The Doctor or the Patient?: Infographic
Raven Surgical Robots: Open Source Collaboration for Universities
Are We Picking on VA Hospitals Too Much?
Making Patient Experience a Priority: Infographic

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

a woman walking on the hallway
6 Easy Healthcare Ways to Sit Less and Move More Every Day
Health
September 9, 2025
Clinical Expertise
Healthcare at a Crossroads: Why Leadership Matters More Than Ever
Global Healthcare
September 9, 2025
travel nurse in north carolina
Balancing Speed and Scope: Choosing the Nursing Degree That Fits Your Goals
Nursing
September 1, 2025
intimacy
How to Keep Intimacy Comfortable as You Age
Relationship and Lifestyle Senior Care
September 1, 2025

You Might also Like

2014 Medicare Payment Cuts for Radiology Services

July 29, 2014
DiagnosticsMental HealthNews

Cannabis is Excellent for Taking the Edge off Dual Anxiety and Depressive Disorders

January 29, 2020

2015 Digital Mammography Reimbursement: What to Know

December 12, 2014
John Traeger, OTB Solutions
BusinessHospital AdministrationTechnology

Health Information Exchange Q and A with John Traeger, Enterprise Solutions Consultant

December 11, 2013
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?