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Novo Nordisk to Cut 9,000 Jobs Amid Competition Challenges
World NewsJob CutsUpdated 17 hours ago

Novo Nordisk to Cut 9,000 Jobs Amid Competition Challenges

Novo Nordisk, the Danish pharmaceutical company known for its weight-loss drugs Wegovy and Ozempic, is planning to cut 9,000 jobs. This decision comes in response to declining sales and heightened competition from rivals like Eli Lilly, alongside a reduced profit forecast for the company.

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Wegovy maker Novo Nordisk to slash thousands of jobs
NegativeWorld Affairs
Novo Nordisk, the maker of Wegovy, is set to cut thousands of jobs due to declining sales and increased competition in the weight-loss drug market.
Wegovy maker Novo Nordisk to cut 9,000 jobs amid increased competition
NegativeWorld Affairs
Novo Nordisk, the Danish manufacturer of Wegovy and Ozempic, is cutting 9,000 jobs due to increased competition from Eli Lilly and a reduced profit forecast.
Editor’s Note: This job cut is significant as it reflects the intense competition in the weight-loss and diabetes drug market, particularly from US rival Eli Lilly. The decision may impact many employees and the local economy in Denmark.

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