Pfizer to Cut 500 Jobs at UK Site as Part of Wider Cost Cuts

Pfizer to Cut 500 Jobs at UK Site as Part of Wider Cost Cuts
A Pfizer office in a file image. Johanna Geron/Reuters
Reuters
Updated:

Pfizer will cut 500 jobs at its Sandwich, Kent site in the U.K. as part of its $3.5 billion cost-cutting plan, the drugmaker said on Tuesday.

The U.S. drugmaker announced the cost-cutting program in October after slashing its full-year revenue forecast due to lower-than-expected sales of its COVID-19 vaccine and treatment.