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"Merck speeding up layoffs of many US employees." Big red flag for Merck (
). Companies layoff workers because of lack of demand.
Laying off workers saves $$,and increases efficiency & productivity. Make the remaining ones sweat with the threat of more layoffs, Bullish.
True, but eventually it will hurt the company. Look at
after it announced hiring 50,000 workers.
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Merck & Co Inc.
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