Bayer - Top 10 Layoffs of 2010

Company: Bayer
Layoffs: 4,500

Scoop: Another new name on the list, Bayer's layoffs came with the company's new strategy to focus on emerging markets. While 4,500 will lose their jobs, the company plans to create another 2,500, particularly in Asia. Emerging markets has been a determining factor in many companies' layoffs as they search for new lines of revenue in an increasingly difficult economy. For Bayer, it's the price of doing business. "To finance the expansion of our growth activities," CEO Marijn Dekkers (photo) said in the statement, "we therefore need to redirect resources, improve efficiencies and cut costs."

Bayer - Top 10 Layoffs of 2010

Suggested Articles

J&J's talc woes deepened Friday after the FDA turned up "sub-trace" levels of asbestos one bottle of the company's baby powder,…

Another major drugmaker is recalling in the U.K. 10 batches of its Zantac generics because they contain a possible carcinogen.

With diagnosis rates on the rise, Pfizer's Vyndaqel franchise could collect $157 million in 2019 U.S. sales, well above consensus, SVB Leerink says.