Johnson & Johnson J&J Layoffs Job Cut: fires 900 employees: Finance Trading Times

Johnson & Johnson J&J Layoffs Job Cut: fires 900 employees

The news is from Johnson & Johnson or J&J, which is reported to be going for layoffs. The news is not good for the employees of the Johnson & Johnson as the organization is going for job cuts. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. Johnson & Johnson Logo
How many employees may be fired in the Johnson & Johnson layoffs?
As per the reports, there are going to be 900 job cuts by Johnson & Johnson.

What is the total no. of employees of Johnson & Johnson UK?
The total no. of employees of Johnson & Johnson is 118,700 as of now, globally.

What will be the cost and savings by Johnson & Johnson layoffs?
No info about that.

When will the Johnson & Johnson layoffs happen?
The process is already underway, with many employees asked to go back to India.

Which locations and department of employees will be affected by the Johnson & Johnson layoffs ?
Most of the layoffs are in U.S. sales department. Some of the vacant positions will not be filled and some will be asked to go.

What is the primary reasons for Johnson & Johnson layoffs?
It's all about the worsening market situation, economy and no clear site of future revival. As per WSJ Health Blog, Generic competition is eating into sales of big J&J drugs. Antipsychotic Risperdal’s sales dropped to $2.21 billion last year from $3.42 billion in 2007 amid generic competition, Bloomberg explains, and epilepsy and migraine drug Topamax is another big seller that has gone generic lately.

Any other news about Johnson & Johnson layoffs
As per SmartMoney, The job cuts at Ortho-McNeil-Janssen Pharmaceuticals unit markets drugs including Concerta for attention-deficit/hyperactivity disorder.
Let's hope that alternative jobs are available to the affected employees of Johnson & Johnson Layoffs Job Cut
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