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What the article curiously doesn't talk about it the fact that the non-academic job market at PhD level collapsed in 2007. In the news yesterday: even more cutb

• srunni 10y ago
  More on the cutbacks at Merck: http://endpts.com/merck-triggers-a-new-round-of-layoffs-in-rd-reorganization/ http://endpts.com/merck-triggers-a-new-round-of-layoffs-in-r... > Merck’s move follows a major trend in biopharma R&D, as the biggest companies concentrate more and more of their work in the big hubs. And virtually all of the major players have downsized at one time or another. > Close to three years ago, Merck triggered a major reorganization in its R&D ranks, as the then new R&D chief Roger Perlmutter set in motion a plan that involved 8,500 layoffs, all of which were piled on a restructuring effort that was announced earlier. > Those layoffs followed a years-long gap in significant new drug approvals and a string of clinical setbacks. Since then, though, Merck landed a landmark approval of Keytruda, now the number two checkpoint inhibitor on the blockbuster cancer market, along with an OK early this year for its hep C combo, Zepatier, which is being sold in a rival-infested field.