IMS Health cuts jobs after Q2 losses

IMS Health announced a streamlining of business operations in the wake of second quarter losses.

A spokesman for IMS Health confirmed reports that as many as 850 employees will lose their jobs—an 11% reduction of the total workforce. In the US, 170 jobs will be cut, the spokesperson verified.

In a statement, David Carlucci, chairman and CEO at IMS, said the business remains solid, but will require some tweaking. “While we planned for lower growth coming into 2009, the accelerating healthcare market dynamics compounded by an economic downturn have caused our customers to significantly rein in their spending. As a result, we are taking decisive actions to lower our cost structure and better position the business for a return to growth.”

Q2 revenues were down 13%. The restructuring plan will “reduce capacity and align the size of sales and management consulting teams in areas of lower demand,” according to the statement.
You must be a registered member of MMM to post a comment.
close

Next Article in Features

Email Newsletters


As US pharma continued its quest for a Grand Prix at the Lions Health international festival of creativity, MM&M went on location to Cannes, France. Missed our coverage from June? Now, we're giving you an opportunity to catch up on some of what you missed. Download our e-book on the two-day festival, recapping the event, rounding up the best of the speakers, offering perspective and listing all of the winners. Click here to download.


The most recent MM&M Skill Sets Live event surveyed a range of issues relating to one of the hottest promotional spaces in healthcare. Speakers and panelists at the morning-long session, including promotional- and multichannel-minded executives from GSK, Epocrates, Treato and Montefiore Medical Center, weighed in on topics designed to help marketers demystify the challenges associated with non-personal promotion. Click here.