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Pfizer (PFE +0.5%) plans to lay off up to 800 researchers, expects to cut 5% to 8% of its...

Pfizer (PFE +0.5%) plans to lay off up to 800 researchers, expects to cut 5% to 8% of its researchers in 2009, and will reduce yearly R&D spending by $7.5B. (WSJ)
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