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Bristol-Myers Squibb Company (BMY) Plans $2.5 Billion in Layoffs, Cuts



11/14/2008 9:16:16 AM

BNet -- Bristol-Myers Squibb made a presentation this morning at the Credit Suisse Healthcare Conference that showed CFO John Marc-Huet wants to save the company $2.5 billion in “productivity initiatives.” He’s going to squeeze these out of “headcount and related costs” — which sounds like a euphemism for layoffs.

Read at BNET

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