Pfizer to cut hundreds of jobs in Switzerland

Pfizer, a big medicine company, is going to let go of more than 200 workers in Switzerland.

They currently have about 300 workers there, but they want to reduce that number to around 70.

This is part of their plan to save money, aiming to cut $7 billion by 2027.

The company is also changing how it works in Switzerland, making some operations simpler.

They are not saying exactly how many people will lose their jobs, but they are making these changes to focus on future growth.

The leader of Pfizer's operations in Switzerland has also changed, with Rea Lal taking over from Sabine Bruckner.