Novo Nordisk says job cuts almost complete

Published 31/10/2025, 11:18
© Reuters.

Investing.com -- Novo Nordisk has informed most employees affected by planned job cuts across its global operations, though the notification process varies by location due to different legal requirements, CEO Mike Doustdar announced in a LinkedIn post on Friday.

The Danish pharmaceutical company initiated a restructuring program last month that includes 9,000 job cuts worldwide. This workforce reduction comes as Novo Nordisk faces increasing competition in the United States, which represents the largest pharmaceutical market globally, particularly from rival Eli Lilly.

Doustdar’s restructuring initiative was launched in response to the competitive pressures the company is experiencing in key markets.

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