images4I’m not sure that any other industry has been hit as hard when it comes to layoffs as the drug industry.  Since 2000, the pharmaceutical industry has cut 297,650 jobs, according to consulting firm Challenger, Gray & Christmas. For reference, that is about as many people as currently work at the three largest drug makers — Pfizer, Merck, and GlaxoSmithKline — combined.  In my opinion layoffs may be good for the balance sheet in the short term, but strategically they leave the drug industry with a void in talented people.  I’m not sure if the drug industry can ever recover from such a heavy handed tactic.

imagesNot too long ago I received an eMail from someone who worked in Marketing Operations here in Cambridge, MA requesting some help with a project.  Today when I attended a meeting to discuss the finalization of possible solutions I found that she, and two others from the team, were laid off.  I contacted her by eMail and she sent me the enclosed reply. I urge all to read it..