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

|About: Pfizer Inc. (PFE)|By:, SA News Editor

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)