See....Not Just Autos
From the WSJ this evening:
GlaxoSmithKline PLC plans to cut its U.S. sales force by about 12% in a restructuring the British drug maker says will better serve doctors.
Glaxo said it will eliminate nearly 1,800 U.S. sales positions, some of which are vacant, and shift some sales representatives to its vaccine unit from its pharmaceutical unit, for a net reduction of about 1,000 employees. That will leave it with a U.S. sales force of about 7,500 by the end of the year.
GET READY FOR FRIDAY.....THE JOBS DATA COULD BE VERY UGLY
It now seems just about every industry is reducing its workforce just as more spouses and elderly are being forced to return the the workplace........