Sanofi, GlaxoSmithKline and AstraZeneca led Big Pharma's layoffs in 2016: report

Fierce Pharma ------- During a tough 2016, five major drugmakers shrunk their payrolls while just three of them added jobs. On the positive side, AbbVie expanded its employee base by 7% over 2015. On the negative? Sanofi shrank its roster by 8%. The numbers come courtesy of EP Vantage, which dug into the companies' year-end financial reports. Sanofi led the job-culling pack with an 8% workforce reduction, ending 2016 at 106,859, down from 115,631 when the year dawned. All told, three big drugmakers added jobs in 2016, while three kept about the same size and five cut jobs, according to EP. The group’s overall employee base shrank 1% to 866,179 workers. To learn more click on the picture below to read the article.