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Novo Cuts 11% Staff to Compete With Lilly
Mint Mumbai
|September 11, 2025
Novo Nordisk A/S is slashing its workforce by 11% and pledging to move faster to catch up with Eli Lilly & Co. in obesity market.
Novo Nordisk A/S is slashing its workforce by 11% and pledging to move faster to catch up with Eli Lilly & Co. in obesity market. That may mean making the firm more like its US rival.
Novo's new "performance culture," as chief executive officer Maziar Mike Doustdar put it, will probably mean a focus on return to office for workers, faster decision-making and slashing support staff and middle management, analysts said Wednesday.
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