Merck is restructuring manufacturing and supply network, which means major layoffs will be coming our way in those areas. Just look at the money that's being put aside for "restructuring costs," which nearly always means severances. $500 million just for this year...
This will get ugly.
They are looking for heads everywhere.
Hiring was slowed all year.
Ax men are scouring FTE numbers looking for heads. Everyone working capacity models to defend. They are coming for every fte they can cut while others hiring freely. Nuts.
Well it just got ugly. Durham site layoff of 125+ FTEs in production. This does not include contractors.
did it happen?
True!