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
    learn to recognize and treat yeast infections
    Most Commonly Asked Questions About Yeast Infections
    November 17, 2021
    Advanced lung cancer diagnosis systems used by doctors
    Advanced Lung Cancer Diagnosis Systems Used by Doctors
    March 6, 2022
    The Top Benefits of a Wearable Blood Pressure Monitor Watch
    The Top Benefits of a Wearable Blood Pressure Monitor Watch
    June 13, 2022
    Latest News
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
    The Best Home Remedies for Migraines
    June 5, 2025
    The Hidden Impact Of Stress On Your Body’s Alignment And Balance
    May 22, 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
    Chronic Disease Prevention Remains Top Priority
    September 9, 2017
    Worst Editorial of the Week Award
    September 13, 2017
    Are the Uninsured Getting a Free Ride?
    May 16, 2011
    Latest News
    Let Your Lawyer Handle the Work Before You Pay Medical Costs
    July 6, 2025
    Top HIPAA-Compliant Messaging Apps for Healthcare Teams
    June 25, 2025
    When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
    June 20, 2025
    Preventing Contamination In Healthcare Facilities Starts With Hygiene
    June 15, 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

2015 Means an Increase in Medicare Penalties for Readmissions
RNA Vaccine Revolution Creates Huge Opportunity for Biotech Investors
Price Transparency in Medical Care
Top Quotes of the Week
Satisfaction with Provider Communication Is Lower in Patient Center-Medical Homes

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

9 Lifestyle Tweaks That Can Add Years to Your Life
9 Healthcare Lifestyle Tweaks That can Add Years to Your Life
lifestyle
July 11, 2025
car accident lawsuit
Let Your Lawyer Handle the Work Before You Pay Medical Costs
Policy & Law
July 6, 2025
women dental care
What Is a Smile Makeover and How Much Does It Cost?
Dental health
June 30, 2025
HIPAA-Compliant Messaging Apps
Top HIPAA-Compliant Messaging Apps for Healthcare Teams
Global Healthcare Policy & Law Technology
June 25, 2025

You Might also Like

research and development in Pharma
Business

Research and Development in Pharma: 4 Lessons in Change

October 18, 2013
Image
Business

New WellPoint Plan Increases Healthcare Consumer’s Level of “Skin in the Game”

July 10, 2013
Hospital AdministrationMedical EthicsPolicy & Law

How Your Healthcare Facility Can Ace Their Patient Safety Survey

November 29, 2017
Readmission Rates getting you down? BHM can help. Call 1-888-831-1171 for a free consultation.
BusinessHealth ReformHospital Administration

The Top 5 Mistakes Hospitals with High Readmission Rates Are Making

June 27, 2014
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?