Novo Nordisk Cuts Around 9,000 Jobs as Weight-Loss Drugmaker Faces Growing Competition
1. Novo Nordisk plans to lay off 9,000 employees, 11.5% of its workforce. 2. Job cuts aim to save $1.25 billion by 2026 amid competitive pressure. 3. CEO emphasizes evolution in an increasingly competitive obesity market. 4. Operating profit forecasts downgraded from 10%-16% to 4%-10% growth. 5. U.S. shares increased 2% but are down by a third this year.