Novo Nordisk A/S will slash 9,000 jobs globally, aiming to save DKK 8 billion ($1.3 billion) by the end of 2026, and made its third cut of the year to its profit forecast.
Novo said operating profit will grow between 4% and 10% at constant exchange rates. The Danish firm had predicted in February that profit could grow as much as 27%.
Novo on Wednesday announced a company-wide transformation to simplify its organization, improve decision-making speed and reallocate resources toward growth opportunities in diabetes and obesity.
Around 5,000 reductions are expected in Denmark, it said in a statement.
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