Nobody can actually be surprised when GlaxoSmithKline announces layoffs, right?
The company has been cutting people left and right for years. Actually, one thing we CAN rely on when it comes to GSK is that new cuts will be happening sooner rather than later.
I guess this is what happens when you get into as much debt as we did and still continue to pay out high dividends. Screw employees and their entire families' livelihood, lets make shareholders happy at any and all cost.
Makes me sick, to be honest.