Amylin Cuts SD Workforce - NBC 7 San Diego

Amylin Cuts SD Workforce



    Amylin Cuts SD Workforce
    30 Days of Bargains with Consumer Bob

    Amylin Pharmaceuticals announced it's cutting its San Diego workforce by 25% Monday. The restructure will leave 340 employees unemployed. According to a statement on the company's website, the cuts are part of a reduction of 2009 expenses designed to get the business plan back into "cash flow positive by the end of 2010." The company hopes to save more than $80 million.

    The biopharmaceutical company is headquartered in San Diego. Its employees research potential therapies to treat diabetes and obesity.