Pfizer to cut U.S. sales force by 20 percent (2200 jobs)

[UpInArms]

http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyID=2006-11-28T233841Z_01_N28289494_RTRIDST_0_PFIZER-JOBS-UPDATE-2.XML

NEW YORK, Nov 28 (Reuters) - Pfizer Inc. (PFE.N: Quote, Profile, Research) said on Tuesday it would cut its U.S. sales force by about 20 percent, or some 2,200 jobs, as part of a comprehensive cost-cutting program.

The world's No. 1 drugmaker said it would present its long-term outlook and additional actions for transforming the company in January.

The job cuts will be in all levels of Pfizer's sales organization from senior management to field representatives, Pfizer spokesman Paul Fitzhenry said.

Fitzhenry said this would end job cuts from the U.S. sales operation, but he added that all aspects of the company's operations remained under review.

Prudential Equity analyst Tim Anderson called the cuts "helpful."

...more...

[1932]

1. Pharmaceuticals sell themselves

Especially if you can't live without them.

However, I wonder if this has something to do with Pfizer thinking that a Democratic Senate isn't going to legislate endless profits for them.

[xchrom]

2. i think there is nothing that i hate more

than to hear about job cuts during the holidays.

makes me see red.

[OhioChick]

3. I'm sure

that Pfizer is hurting bad, financially. :sarcasm:

[zanne]

4. More than ever, I'm convinced...

Power is greed and greed is power.

[alarimer]

5. Looks like they need to sell more Viagra

better spend more on ads then. We don't see nearly enough...

[noamnety]

6. This is the eminent domain company

The one that started that big eminent domain case in New London, seizing private land to benefit their company because it would make the local economy so much better.

[mitchum]

7. But I'm a cheerleader!

Believe it or not, big pharm recruits much of their sales force from the ranks of college cheerleaders. Honest.
I always thought this fact would be a wonderful set up for a satirical movie.