Here are three things to know.
1. The healthcare sector announced 38,145 job cuts so far this year, which is a 123.9 percent increase from the 17,030 dismissals announced through the same period a year prior.
2. Companies in the pharmaceutical industry have announced 13,254 job cuts so far this year, which is a 48 percent increase from the same period last year, during which time they announced 8,981 cuts.
3. Challenger, Gray & Christmas CEO John Challenger believes that major consolidations may further impact jobs in the pharmaceutical and healthcare sectors.
“While job cut announcements have remained low all year, major M&A activity, such as the CVS/Aetna deal and the possibility of Amazon buying generic pharmaceutical manufacturers, could lead to a spate of large-scale job-cut announcements to open 2018, especially at pharmaceutical, retail, and Healthcare companies,” Mr. Challenger said.
More articles on human capital and risk:
Michigan legislation with mandatory overtime limits for nurses gains momentum: 6 things to know
Healthcare freelance jobs grew 47% since 2012
The ‘un-retirement’ trend affecting healthcare: 4 things to know
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
