AstraZeneca is doubling the size of its cost-cutting plan-which means another 7,400 or so jobs face the ax by 2013.
What’s notable about this is that the cuts are not limited to sales and marketing; rather, some of them will be in R&D (see next post), as is the case with PFE’s recently announced cutback.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”