Merck & Co. Plans Multi-Billion Dollar Savings Program, Eliminating 6,000 Jobs
US pharmaceutical company Merck & Co. has announced a comprehensive austerity program to achieve annual savings of three billion US dollars (approx. 2.6 billion euros) by the end of 2027. As part of these measures, around 6,000 jobs in administration, sales, and research are to be cut, as the company announced in Rahway. In addition, adjustments to real estate presence and the production network are planned. The savings are to be reinvested in the development of new drugs and growth areas to drive the company's strategic realignment. The program is driven by several challenges: Revenue in the second quarter of 2025 fell by two percent to 15.8 billion US dollars, thus missing analyst expectations of 15.89 billion US dollars. Profit fell from 5.8 to 5.4 billion US dollars, although adjusted earnings per share of 2.13 US dollars exceeded forecasts (2.01 US dollars). A 55 percent drop in sales of the HPV vaccine Gardasil to 1.1...
