Novartis (NVS) to Undertake Job Cuts in Development Department

Novartis (NVS) is set to reduce its workforce by 680, per a report by Reuters. It will do so in its development organization, which helps bring its drugs to the market.Of the reported figure, around 440 jobs will be cut in Switzerland and up to 240 in the United States over the next two to three years.This headcount reduction is separate from the restructuring program (announced earlier), wherein Novartis will slash up to 8,000 of its total global workforce of 78,000.The article stated that the company curr ...