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Wegovy-maker Novo Nordisk to cut 9,000 jobs in restructuring
- Novo Nordisk announced on September 10, 2025, a company-wide restructuring to cut 9,000 jobs globally and simplify its organisation.
- The restructuring follows a profit warning, slowing US sales of Wegovy and Ozempic, and rising competition from Eli Lilly in obesity and diabetes markets.
- About 5,000 of the layoffs will occur in Denmark, representing roughly 11.5% of Novo Nordisk’s 78,400-strong workforce, reallocating resources to growth areas.
- The company expects annual savings of approximately 8 billion Danish crowns , with CEO Mike Doustdar stating, “Our company must evolve as well.”
- The overhaul aims to improve decision speed and prioritize investments, reflecting confidence despite lowering operating profit growth to 4-10% this year.
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The Danish pharmaceutical giant Novo Nordisk announced on Wednesday that it will eliminate 11% of its workforce, the equivalent of about 9,000 jobs, due to the increasing competition it faces in its treatments against obesity. Globally known for the success of its drugs for diabetes and obesity, the manufacturer of Ozempic and Wegovy said in a statement that the cuts would allow it to save 8 billion kroner ($1.3 billion) by the end of 2026. Over…
·Washington, United States
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Ozempic maker Novo Nordisk to cut 9,000 jobs | Honolulu Star-Advertiser
Novo Nordisk, the Danish drugmaker behind Ozempic and other weight loss and diabetes drugs, announced today that it would cut 11% of its global workforce as it seeks to lower costs and rejuvenate the company’s growth prospects.
·Honolulu, United States
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Total News Sources203
Leaning Left34Leaning Right24Center87Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 23%
C 60%
R 17%
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