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More job cuts: where will it all end?

 
• By Peter Charlish

When GlaxoSmithKline announced yesterday that it was pulling out of research into selected neuroscience areas like depression and pain, it signalled a new round of job cuts at the company. Last year, GSK reduced its headcount by around 6,000 people.

When GlaxoSmithKline announced yesterday that it was pulling out of research into selected neuroscience areas like depression and pain, it signalled a new round of job cuts at the company. Last year, GSK reduced its headcount by around 6,000 people.

Although CEO Andrew Witty wouldn’t be drawn on just how many positions would have to go this time, the figure is thought to be in the hundreds rather than the...

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