Pfizer to Cut Around 2 Percent of Jobs Through Early Next Year

Pfizer to Cut Around 2 Percent of Jobs Through Early Next Year
A man walks past Pfizer's world headquarters in New York, on April 28, 2014. Andrew Kelly/Reuters
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NEW YORK—U.S. drugmaker Pfizer Inc plans to reduce its global headcount by around 2 percent through voluntary retirements and layoffs this year and early next year, as it looks to streamline its corporate structure and eliminate some managerial roles and responsibilities.

Pfizer has around 90,000 employees worldwide.