Johnson & Johnson Looks at Job Cuts Despite Weathering Inflation Impact

[Epoch-Times-Bot]

Johnson & Johnson Looks at Job Cuts Despite Weathering Inflation Impact

Johnson & Johnson on Tuesday posted better than expected third-quarter earnings on strong demand for its cancer drug Darzalex, but said it may still cut some jobs as it contends with inflationary pressure and challenges created by the strong dollar.
J&J Chief Financial Officer Joseph Wolk said the U.S. healthcare conglomerate is looking at “right sizing” itself, particularly as it moves from being a three-segment business to a two segment business through the spinoff of its consumer unit.
That business, which will be called Kenvue and hold many of the company’s best known brands like Band-Aid bandages and Tylenol, is set to be spun out late next year....

Source: Johnson & Johnson Looks at Job Cuts Despite Weathering Inflation Impact

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