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Description: Johnson & Johnson plans to cut up to 7 percent of its workforce in order to generate cost savings needed to finance increasingly costly drug research and to weather future challenges, the diversified healthcare company said on Tuesday.


Date: 11/03/2009


Questions for discussion:

  • Summarize the reasons for the cost cutting measures?
  • Do you believe these decisions will result in long-term profitability? Explain your thinking.

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