Idiot Inc.

Business news for bears and cynics

about | subscribe | twitter | contact     
idiot inc. executives planning dumb business moves

Latest bad news

  • Honda’s U.S. sales dropped 35% in December
  • Northstar Neuroscience stock skyrockets because the company is closing
  • New York Times whores out its front page for the first time ever
  • Management shakeup at Borders
  • NYSE warns Hypercom about its hyper-decreasing stock

Idiot Index view full list  >>

American Airlines Boeing Chrysler Circuit City Citigroup Daniel Laikin Ford Gannett General Growth Properties GlaxoSmithKline GM Lehman Brothers Microsoft Morgan Stanley National Lampoon New York Times Pilgrim's Pride Starbucks Wachovia WaMu Yahoo!

Categories

  • Bankruptcies
  • Brainy Ideas
  • Busted
  • Company Memos
  • Downfalls
  • Idiot Links
  • Layoffs
  • Look at Me!
  • Power Struggles
  • Stock Market
  • Videos
  • Whoops!

Subscribe

  • RSS Feed
  • Twitter

Links

  • Business Pundit
  • Cluster Stock
  • Dealbreaker
  • Drudge Report
  • Finviz
  • Firefox
  • INO
  • Letter of Apology
  • My Finance Times
  • Slashdot
  • TechDirt
  • Wall Street Fighter

Layoffs

Merck drugs 7,200 employees

October 22, 2008

MerckCorner-side drug-peddler Merck saw its profit plunge 28% last quarter so its laying 7,200 heads on the chopping block. For Merck, $1.09 billion in profit was an embarrassment (its customers are addicted after all) so the only solution is layoffs. Well, not really, but it’s the route they’re taking.

Looking to work for a dynamic pharmaceutical company like this? Be sure to visit Merck’s careers page!

[ Yahoo Finance ] Merck 3Q net drops 28 percent; to cut 7,200 jobs

0
Posted in Layoffs by Jacopo Kane
Say something mean >

Starring: Merck
Related stories:
  • Akamai to game over 110 employees
  • RealNetworks downsizes 7.5% of staff
  • Federal-Mogul goes fucking-medieval on 4,000
  • MetLife will fire a secret number of employees
  • Qwest disconnects 1,200 employees
  • RBS gets Scottish on 3,000 employees
  • Memory Pharmaceuticals drops 50% and drugs CFO
•

Leave a comment

Basic HTML allowed

“This is an act of mercy....truly” - Francis Urquhart
© Copyrights are for the paranoid    |    About    |    RSS    |    Contact    |    Sitemap
Adventures