Market Chatter: Pfizer Plans Workforce Reduction in Switzerland

12:00 AM EST, 12/11/2025 (MT Newswires) -- Pfizer (PFE.F) intends to cut its workforce in Switzerland to 70 from 300 as part of multi-year cost-cutting measures, Bloomberg News reported Wednesday, citing people familiar with the matter. The unnamed sources said the plan will be carried out by the end of 2025 and will follow a broader downgrade of the Swiss unit within the pharmaceutical giant. Without commenting on the specifics, a spokesperson told Bloomberg the company is "streamlining and realigning" resources to simplify the organization. Pfizer did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)