Idiot Inc.

Business news for bears and cynics

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

Latest bad news

  • GM to begin dropping dealerships today?
  • Millennium Transit’s logo is shit
  • Seagate continues layoffs — 1,100 to go this round
  • VeriFone’s logo is exciting
  • Pacific Ethanol teeters on the brink

Idiot Index view full list  >>

Boeing Chrysler Circuit City Citigroup Daniel Laikin Ford Gannett General Growth Properties GlaxoSmithKline GM Google 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
  • Logos that suck
  • Look at Me!
  • Power Struggles
  • Stock Market
  • Videos
  • Whoops!

Subscribe

  • RSS Feed
  • Twitter

Links

  • Cluster Stock
  • Dealbreaker
  • Drudge Report
  • Finviz
  • Firefox
  • INO
  • Internet Proxy
  • Letter of Apology
  • My Finance Times
  • Snakes of Hawaii
  • 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
  • Federal-Mogul goes fucking-medieval on 4,000
  • RealNetworks downsizes 7.5% of staff
  • MetLife will fire a secret number of employees
  • RBS gets Scottish on 3,000 employees
  • Qwest disconnects 1,200 employees
  • Joe Camel is an asshole
•

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