Novo Nordisk Announces Major Restructuring, 9,000 Layoffs Amid Changing Obesity Market Landscape
Novo Nordisk, the Danish pharmaceutical giant, has unveiled a sweeping restructuring plan that includes laying off 9,000 employees globally, representing about 11% of its workforce. The move, announced by new CEO Maziar Mike Doustdar, aims to save approximately 8 billion Danish kroner ($1.3 billion) annually by the end of 2026 and address challenges in the increasingly competitive obesity drug market.