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Benzinga
Benzinga
Business
Namrata Sen

Novo Nordisk To Cut 9,000 Jobs As Competition From Eli Lilly Heats Up: Analyst Calls Move 'Tough, Natural...Very Necessary'

Novo Nordisk LLY Eli Lilly Nordisk Novo Pharmaceutical Mike Doustdar
Konskie,,Poland,-,January,11,,2024:,Novo,Nordisk,Pharmaceutical,Company

Novo Nordisk (NYSE:NVO) has announced a significant restructuring plan that will see the company cut 9,000 jobs, representing 11.5% of its workforce. The decision comes as the pharmaceutical giant faces mounting pressure from U.S. competitor Eli Lilly (NYSE:LLY).

Novo Nordisk Eyes $1.3Billion Savings Amid Market Struggles

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