Novartis India Layoffs

Novartis India plans to cut 400 jobs with the move. The company says it understands “the implications of this difficult decision,” so it’s offering employees a severance package and outplacement services. Novartis employs more than 10,000 full-time staffers in India, the company said.

Recent News and Discussions About Novartis India Layoffs

Novartis confirms ‘thousands’ of layoffs loom as its global …

https://www.fiercepharma.com/pharma/novartis-confirms-thousands-layoffs-loom-companys-reorganization-rolls-ahead

Novartis confirms 'thousands' of layoffs loom as its global ...
Apr 26, 2022 — After Novartis drafted plans to wed its pharma and oncology businesses earlier this month, reports of potential layoffs poured in.


Novartis cuts 8000 jobs, some to be transferred to India – Mint

https://www.livemint.com/companies/news/novartis-cuts-8-000-jobs-some-to-be-transferred-to-india-11656492734348.html

Jun 29, 2022 — Swiss pharmaceutical giant Novartis is slashing around 8,000 jobs worldwide, or just over seven percent of its global workforce, …


Novartis, Dr. Reddy’s deal results in 400 layoffs

https://www.pharmamanufacturing.com/industrynews/2022/novartis-signs-deal-with-dr-reddys-resulting-in-a-400-job-cut/

Feb 15, 2022 — Novartis India has announced an exclusive distribution deal with Dr. Reddy’s Laboratories — but it will result in close to 400 employees losing …


Novartis may go for layoffs due to Covid | India Business News

https://timesofindia.indiatimes.com/business/india-business/novartis-may-go-for-layoffs-due-to-covid/articleshow/81166115.cms

Feb 23, 2021 — NEW DELHI: Drugmaker Novartis India may lay off around 170 people as part of its workforce rationalization in the wake of Covid-19 impacting …


Novartis India enters distribution pact … – The Economic Times

https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/novartis-india-enters-distribution-pact-with-drl-for-top-brands-to-lay-off-400-employees/articleshow/89509316.cms

Feb 11, 2022 — Novartis India enters distribution pact with DRL for top brands, to lay off 400 employees · Novartis India said its strategic business decision …


Novartis India enters distribution pact … – The Economic Times

https://m.economictimes.com/industry/healthcare/biotech/pharmaceuticals/novartis-india-enters-distribution-pact-with-drl-for-top-brands-to-lay-off-400-employees/articleshow/89509316.cms

Feb 11, 2022 — Novartis India said its strategic business decision will lead to the separation of approximately 400 employees due to role redundancies.


Novartis India to lay off 400 employees – HR Katha

Novartis India to lay off 400 employees

Feb 15, 2022 — Now that Novartis India (NIL) has entered into a sales and distribution agreement with Dr Reddy’s Laboratories for a select range of …


Is Novartis planning layoffs in India? – HR Katha

Is Novartis planning layoffs in India?

Feb 26, 2021 — Drug company, Novartis India , may slash 170 jobs as part of a bid to rationalise its workforce, amidst the uncertainties brought on by the …


Novartis Says It Hired Over 1,600 Amid Job Cuts … – Scrip

https://scrip.pharmaintelligence.informa.com/SC143877/Novartis-Says-It-Hired-Over-1600-Amid-Job-Cuts-Speculation-In-India

Feb 24, 2021 — Novartis counters speculation around pandemic-related staff cutbacks in India , saying that it actually upped the number of hires across its …


Thousands of layoffs are planned as part of Novartis …

Thousands of layoffs are planned as part of Novartis restructuring

Apr 13, 2022 — Novartis’s new structure is expected to be in place and operational by end of 2022, the spokesman said. Novartis AG has confirmed that it would …


Frequently Asked Questions

Is Novartis laying off?

Novartis plans to lay off as many as 8,000 employees worldwide as it continues a yearslong transformation into a more streamlined company, a spokesperson confirmed in an email to BioPharma Dive.

Did Novartis fired 400 employees?

Novartis India said its strategic business decision will lead to the separation of approximately 400 employees due to role redundancies. those impacted and their loved ones and we are extending a severance package along with outplacement services,” the company said.

How many employees does Novartis have in India?

10,000

Why is Novartis restructuring?

Novartis said it is committed to India’s market. The company said it has a large footprint in India with over 10,000 full time employees. A large part of those employees service the global operations and provide R&D support.

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