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Merck to cut jobs, costs as demand for Gardasil falls
August 04, 2025
|Gulf Today
Merck & Co announced job and cost cuts it said will save $3 billion a year as it posted lower second-quarter results due to continuing weak demand for its Gardasil vaccine in China.
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Shares of the drugmaker fell nearly 3 per cent to $81.58 in premarket trading.
The company said the cost cuts include $1.7 billion in annual savings from the elimination of certain administrative, sales and R&D positions.
It also plans to reduce its global real estate footprint and optimize its manufacturing network.
هذه القصة من طبعة August 04, 2025 من Gulf Today.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Gulf Today
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