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Live Updates  >  Live Update Details

2025-11-01 01:40:56

[Novo Nordisk to Cut 9,000 Jobs to Focus on New Weight Loss Drugs] According to Novo Nordisk CEO Mike Doustdar, the notification process for the planned layoffs of 9,000 employees is largely complete. He added that the layoffs are global, but the progress of notification varies due to different local laws. These layoffs are part of a restructuring plan initiated by Doustdar last month. Novo Nordisk currently faces fierce competition in the world's largest pharmaceutical market—the United States—from Eli Lilly. The $150 billion weight loss drug market is booming, and Novo Nordisk is seeking further breakthroughs.

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