This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Layoffs Continue to Mount

ASTRAZENECA

AstraZeneca (AZN) announced on Feb. 2 that it will lay off 7,300 workers to save $2.1 billion by the end of 2014. The company is cutting back on its workforce in sales and administration as well as research and development, and operations.

According to the company, the new round of layoffs will save the company $1.6 billion each year. "One change already under way is the simplification of the company's global commercial organization structure. The number of sales and marketing regions has been reduced from five to three and smaller countries are being clustered, a move that will optimize resources, increase shared services and reduce the cost base," said AstraZeneca in a statement.

Already, the company has announced tens of thousands of layoffs after announcing its first major restructuring program in 2007.

6 of 20

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
AVP $7.07 -1.81%
ATV $1.19 0.89%
HP $78.15 0.70%
IBM $170.05 -1.01%
PEP $95.48 0.06%

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs