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Novo Nordisk is rapidly cutting thousands of jobs in Denmark, with affected employees forming an unofficial “Club 5,000” support network. According to reports, the pharmaceutical giant aims to complete most layoffs by this week’s autumn holiday as it restructures amid fierce obesity drug competition.
Novo Nordisk is accelerating job cuts in its home country of Denmark, with approximately 5,000 positions being eliminated across manufacturing, research, IT, and quality control departments, according to reports from Reuters. The rapid pace of layoffs has led affected employees to form an unofficial support community dubbed “Club 5,000,” where former colleagues share job tips and organize social gatherings.