Pfizer will cut 781 jobs at a facility in New Jersey, according to a state filing, as the drugmaker’s financial woes continue amid waning demand for Covid-19 vaccines and as lingering recession fears prompt large companies to cut costs (see Forbes’ layoff tracker from the first quarter here). San Francisco-based Twist Bioscience will slash 25% of its workforce (estimated to affect 270 employees), the San Francisco Business Journal reported. Red Hat, a Raleigh, North Carolina-based software manufacturer, started cutting 4% of its workforce, multiple outlets reported, with cuts estimated to affect roughly 760 of its 19,000 employees, according to PitchBook. Deloitte will cut 1,200 of its more than 156,000 jobs in its U.S. workforce, the Financial Times reported, citing internal employee communications. (Redfin has more than 5,500 employees, according to PitchBook.)

Source: Forbes November 08, 2023 20:21 UTC