Pfizer, Inc. (PFE) is currently under scrutiny on Reddit forums, with discussions focusing on potential layoffs and organizational restructuring expected in the first quarter of the upcoming year. Users on r/biotech have expressed skepticism about the company's annual cycle of layoffs, with one user humorously noting, "Pfizer is the only pharma I have seen with layoff merch. Get your 'I've been Pfizered' t-shirt before the rush!" Another user commented on the broader industry trend, stating, "Every big pharma does cuts every year. The final cuts are usually made in August/Sept announced in Q1."
The discussions also touched on the potential impact of these layoffs on Pfizer's stock, with some users suggesting that while cuts might temporarily boost stock prices, they have not effectively addressed the company's long-term valuation challenges. One user remarked, "Unfortunately, cuts mean stock goes up. Cut the largest cogs in the budget," while another pointed out, "There's been a lot of cuts at Pfizer over the past few years and a stable downward stock valuation trend."
Despite the ongoing discussions about layoffs and restructuring, Pfizer's stock is experiencing a slight increase. As of the latest update, Pfizer's stock price is $25.75, reflecting a 0.19% rise from the previous close.