Big pharma has become a different employer over the past decade. From mega mergers and the push into emerging markets to the dramatic restructuring of sales and R&D departments, the shape and spread of their staff has shifted. Over the same period, however, the size of their employee roll call has actually changed very little.
At the end of 2013 big pharma employed only 3% fewer people than it did in 2003, a drop of almost 31,500, data collected by EvaluatePharma reveal. While huge redundancy programmes affecting thousands might still be making headlines; these topline figures do not paint a picture of a dramatically shrinking industry. Conversely, for an image of spectacular expansion look no further than the world just outside big pharma – other drug companies with a market cap of more than $30bn more than doubled their headcount over the past decade, adding more than 130,000 employees.
The slow shrinking of big pharma employmen
The growth of the other $30bn+ drug maker