Published by Global Banking and Finance Review
Posted on December 10, 2025
1 min readLast updated: January 20, 2026
Pfizer plans to reduce its Swiss workforce by over 200 jobs as part of a cost-cutting strategy, leaving around 70 employees by year-end.
Dec 10 (Reuters) - Pfizer will cut over 200 jobs in Switzerland as part of its multi-year cost reduction program, Bloomberg News reported on Wednesday, citing people familiar with the matter.
The drugmaker will reduce its workforce in the country to roughly 70 by the end of this year from 300, the report said, adding that the job cuts follow a broader downgrade of the Swiss unit within the company.
Pfizer did not immediately respond to a Reuters request for comment.
(Reporting by Puyaan Singh in Bengaluru; Editing by Alan Barona)
Cost reduction refers to the process of decreasing expenses in order to improve profitability. Companies often implement strategies to lower costs while maintaining the quality of their products or services.
Workforce reduction is the process of decreasing the number of employees in a company, often due to financial constraints or restructuring efforts. This can involve layoffs or voluntary separations.
Corporate strategy is a comprehensive plan that outlines how a company will achieve its goals and objectives. It includes decisions about resource allocation, market positioning, and competitive advantage.
Explore more articles in the Headlines category
