Wegovy injection pens organized in Waterbury, Vermont, US, on Monday, April 28, 2025.
Shelby Knowles | Bloomberg | Getty Pictures
Danish pharmaceutical big Novo Nordisk on Wednesday introduced plans to chop round 9,000 roles, or roughly 11.5% of its international workforce.
“Novo Nordisk at the moment introduced a company-wide transformation to simplify its organisation, enhance the pace of decision-making, and reallocate assets in direction of the corporate’s progress alternatives in diabetes and weight problems,” the corporate, which produces the Wegovy weight reduction remedy, mentioned in a press release.
“As a part of the transformation, Novo Nordisk intends to cut back the worldwide workforce by roughly 9,000 of the 78,400 positions within the firm, with round 5,000 reductions anticipated in Denmark.”
Shares have been up 4.1% by 11:45 a.m. London time (6:45 a.m. ET), paring earlier losses.
The corporate mentioned the headcount discount would incur a one-off value of 8 billion Danish kroner ($1.26 billion).
Because of the one-off prices, the corporate mentioned its now anticipate full-year working revenue progress of 4% to 10% at fixed change charges, down from the ten% to 16% outlined in its second-quarter ends in August.
The overhaul marks the primary main transfer by CEO and President Maziar Mike Doustdar, who took the reins on the pharma big final month following the shock ouster of Lars Fruergaard Jørgensen.
Novo Nordisk, as soon as the primary mover in weight-loss medication, has been struggling to keep up market share — particularly in the important thing U.S. area — amid a slew of provide chain points and elevated competitors from rival Eli Lilly and cheaper compounded weight reduction medication.
Meantime, the agency has struggled to shake damaging sentiment following a collection of disappointing trial outcomes for its next-generation weight problems drug candidate CagriSema.
“Our markets are evolving, significantly in weight problems, because it has grow to be extra aggressive and consumer-
pushed. Our firm should evolve as nicely. This implies instilling an elevated performance-based tradition, deploying our assets ever extra successfully, and prioritising funding the place it should have probably the most influence – behind our main remedy areas,” Doustdar mentioned in a press release.
Throughout a July investor name confirming his appointment, Doustdar had mentioned he was assuming the position with a way of “urgency” and three key priorities. These included defending Novo’s management in diabetes and weight problems therapy, fostering a excessive efficiency tradition and realigning the corporate’s value base and driving efficiencies.
