Novo Nordisk A/S has hired about 2,000 people this year, reshaping its workforce after laying off about 10% of staff in 2025. The figure reflects successful job offers, and about 1,400 of those workers have already started, a company spokeswoman said. Of those new hires, Novo said 398 have been in its home country of Denmark. Novo ended last year with about 7,800 fewer employees as Chief Executive...
Novo Nordisk A/S has hired about 2,000 people this year, reshaping its workforce after laying off about 10% of staff in 2025. The figure reflects successful job offers, and about 1,400 of those workers have already started, a company spokeswoman said. Of those new hires, Novo said 398 have been in its home country of Denmark. Novo ended last year with about 7,800 fewer employees as Chief Executive Officer Mike Doustdar pushed through the company’s biggest-ever layoffs in an effort to make the organization faster and more aggressive. The drugmaker has lost its lead in the booming obesity market and is counting on a new pill to keep up with US rival Eli Lilly & Co. The Danish company had a turnover rate of about 18% last year, according to the annual report . This year’s hires are not a net addition to Novo’s workforce. The company said it’s on track for a voluntary attrition rate of about 5% this year, based on a 12-month average. Novo had total headcount of 69,505 at the end of 2025. In the wake of the layoffs, some leaders within the company are still reorganizing units, Doustdar said in an interview this week. “Then there are open boxes that didn’t exist yesterday, and there are layoffs because boxes don’t exist anymore,” the CEO said. “We are hiring.” The reorganization has led to some high-profile departures, including that of Lotte Bjerre Knudsen , the researcher credited with pushing forward early work on the GLP-1 drugs that have transformed diabetes and obesity care. Knudsen, who had most recently led a team called Innovation and Data Experimentation Advancement, or IDEA, announced her departure last week on LinkedIn. Based on the restructuring, she and her supervisors decided “it would be a good time for Lotte to do something else,” Doustdar said, adding that there was mutual agreement. Knudsen didn’t respond to requests for an interview. Of the 335 jobs posted Thursday on Novo’s website , 97 were in China, 69 were in the US and 46 were in Denmark. The rest...
In this article KER-FR Follow your favorite stocks CREATE FREE ACCOUNT A woman wearing a Gucci belt and bag is seen during Paris Fashion Week in September 2018 Christian Vierig | Getty Images Kering said Thursday it aims to double profitability and revive its flagship brand Gucci as it announced its highly anticipated strategy to get the company back on track after a year-long luxury slump that hi...
In this article KER-FR Follow your favorite stocks CREATE FREE ACCOUNT A woman wearing a Gucci belt and bag is seen during Paris Fashion Week in September 2018 Christian Vierig | Getty Images Kering said Thursday it aims to double profitability and revive its flagship brand Gucci as it announced its highly anticipated strategy to get the company back on track after a year-long luxury slump that hit it harder than its competitors. CEO Luca de Meo announced the strategy seven months after taking over the reins, during which investors' optimism has mounted that he'll be able to turn the legacy conglomerate around. "In a nutshell, a model that worked for a decade, is no longer effective for us," he said during the company's Capital Markets Day in Florence on Thursday. "Growth will come first from gaining share, restoring pricing power, and executing better than our peers." Shares fell 2% early Thursday. The strategy, dubbed "ReconKering," includes more than doubling the company's 2025 recurring operating margin of 11.1% while boosting its return on capital employed to over 20% in the midterm. Kering also aims to refurbish or relocate two-thirds of its Gucci store network, reduce selling space by 20% and outlets by a third, as well as reduce inventory by 1 billion euros ($1.18 billion) over the next 12 months. This is a breaking news story. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
American Well (AMWL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
American Well (AMWL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Stock index futures rose on Thursday as market sentiment improved on hopes for a potential peace deal between the U.S. and Iran. Nasdaq 100 futures ( US100:IND ) rose +0.27%. S&P 500 futures ( SPX ) edged higher by +0.1%, and Dow futures ( INDU ) advanced by +0.04%. Treasury yields slipped slightly on the shorter end as sentiment shifted. The U.S. 10-year Treasury yield ( US10Y ) fell to 4.28%, do...
Stock index futures rose on Thursday as market sentiment improved on hopes for a potential peace deal between the U.S. and Iran. Nasdaq 100 futures ( US100:IND ) rose +0.27%. S&P 500 futures ( SPX ) edged higher by +0.1%, and Dow futures ( INDU ) advanced by +0.04%. Treasury yields slipped slightly on the shorter end as sentiment shifted. The U.S. 10-year Treasury yield ( US10Y ) fell to 4.28%, down 0.7 basis points. The U.S. 2-year Treasury yield ( US2Y ) dipped to 3.76%, down 1.1 basis points. The U.S. 30-year Treasury yield ( US30Y ) held steady at 4.90%, up 0.1 basis points. Economic data on the calendar Thursday includes initial jobless claims, the Philadelphia Fed Manufacturing Index, and the Fed balance sheet. Multiple media reports said President Donald Trump indicated the “war is close to over,” fueling optimism that easing geopolitical tensions could support risk appetite heading into the session. Top gainers in premarket trading included PPG Industries ( PPG ) (+5.37%), Robinhood Markets ( HOOD ) (+3.47%), and Broadridge Financial Solutions ( BR ) (+2.21%). Decliners included CoStar Group ( CSGP ) -3.33%, Dover ( DOV ) -3.18%, and SBA Communications ( SBAC ) -2.02%. More on markets S&P 500 To 7,000 And Nasdaq 100 Points To ATH: Are Markets Getting Ahead Of Themselves? New All-Time Highs; Bull Market Confirmed Gold Vs. Debt: Navigating The Historical Shift In Global Central Bank Reserves U.S. Federal Reserve may deliver one cut this year, former chair Yellen says
ayo888/iStock via Getty Images By Kelvin Wong The current US-Iran ceasefire optimism, which is now translating into a higher chance of a peace deal, has ignited the bulls in the Japanese stock market despite the ongoing blockage of the Strait of Hormuz that hinders global oil supply, which, in turn, may rouse stagflation risk. The failure of the negotiation talks between the US and Iran over the l...
ayo888/iStock via Getty Images By Kelvin Wong The current US-Iran ceasefire optimism, which is now translating into a higher chance of a peace deal, has ignited the bulls in the Japanese stock market despite the ongoing blockage of the Strait of Hormuz that hinders global oil supply, which, in turn, may rouse stagflation risk. The failure of the negotiation talks between the US and Iran over the last weekend did not lead to a further escalation of attacks by both sides, but rather some form of compromise to find a “middle ground” as the US and Iran are considering extending the earlier ceasefire deadline agreement, due on next Tuesday, April 21, by another two weeks, and to allow them to make time to set up another round of negotiation talks before April 21. Nikkei 225 trimmed losses above the key 200-day moving average Fig. 1: Global major benchmark stock indices performances from Feb 27, 2026 to Apr 15, 2026 (Source: MacroMicro). Since the start of the US-Iran war, the Nikkei 225 has declined by 13% from the February 27, 2026 high towards a low of 50,395 printed on March 30, 2026, while holding above its key 200-day moving average at around 48,250. In the past five trading sessions, the losses have been trimmed, and the Nikkei 225 has now recorded a marginal loss of 1.2% measured from February 27, 2026 to April 15, 2026 (see Fig. 1). Continuation of JGB yield curve bullish steepening has discounted stagflation fear Fig. 2: JGB yield curves major trends with Nikkei 225 as of Apr 16, 2026 (Source: TradingView) Since last Monday, April 6, 2026, the shorter-term (2-year) Japanese Government Bond (JGB) yield has declined at a faster pace (6 basis points) versus a drop of 4 bps seen in the 10-year JGB yield. Therefore, a bull steepening has occurred on the yield spread between the 10-year and 2-year JGBs that led it to trade higher above its key 200-day moving average, acting as a support at 0.84%, to a 15-year high at 1.05% at this time of writing. A further continuati...