Layoffs
Layoffs at Jazz Pharmaceuticals?
A tipster writes in to tell us about layoffs this morning at stoner-named Jazz Pharmaceuticals. Our source informs us that 1/2 of the sales force was let go without notice or promise of severance. No word of this has broken in the press, but we’re guessing that the company will announce the cuts during the 3rd quarter conference call tomorrow.
Wall Street clearly doesn’t have much faith in tomorrow’s earnings — Jazz’s stock plummeted 40% to its all-time low. Take a look at the grim slide:

Thanks to our anonymous tipster for the heads-up.

So what kind of drugs does a company called ‘Jazz’ make?
[...] a bad time to be in the drum circle at Jazz Pharmaceuticals. After rumors of layoffs surfaced last month, the company has now announced that it will be cutting another 71 employees, [...]