- Global pharmaceutical industry job postings see recovery
in Q3 thus far, following a decline in Q2 2020
- Takeda's workforce size of 49,578 as of 31st
March 2019, declined to 47,495 by end
of March 2020
- Takeda's resources should be moved to areas that made
Shire an appealing purchase
HYDERABAD, India, Aug. 24, 2020 /PRNewswire/ -- Takeda
Pharmaceutical's (Takeda) hiring patterns show a continuous decline
to 2,572 in Q2 2020 from 2,986 in Q1 – a whole 13.9% decrease –
with a continued downward trend in Q3. However, despite this
overall fall, postings in roles related to rare or niche diseases
are progressing at a measured pace, finds GlobalData, a leading
data and analytics company.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: "Takeda's
drop in hiring in Q2 verses Q1 was in line with trends in the
pharmaceutical industry at large, which witnessed notable index
decline in the Q2. However, the industry has seen a resurgence in
Q3 so far, whereas Takeda has now fallen out of step with the
trend.
Peter Shapiro, Senior Director of
Drugs at GlobalData, comments: This is likely due to offset after
its Shire acquisition in 2019 added sizeable debt. While this is
not crisis-mode, as is it is expected and normal that there would
be a massive redundancy after buying a 30-year-old company, Takeda
will be looking to save costs and make additional divestments of
non-core businesses and rightsizing of its global operations staff
in the remainder of Q3 and beyond. For example, they currently have
two US HQ: one outside of Boston
and one outside of Chicago that
are both going to need to combine and move to Cambridge, Massachusetts."
Aurojyoti Bose, Lead Analyst at GlobalData, says: "Takeda
remains focused on rare/niche diseases, gastroenterology, oncology,
neuroscience, with job postings in rare/niche diseases showing a
gradual increase from 97 in February to 145 in March, and further
growing to 177 in July 2020. Several
areas with relevance to the COVID-19 pandemic are witnessing
renewed interest in the pharmaceutical industry.
Shapiro adds: "Takeda should be focusing its resources on the
aspects of Shire that made it appealing to purchase in the first
place: an innovative drug pipeline with rare disease focused and
existing drug franchises that were selling well in the US."
Recent months have seen Takeda post senior-level job positions
in areas such as research and development (R&D) pipeline
management; network strategy; field training; regulatory affairs;
strategy and insights; and commercial planning.
Please contact Aarti in the GlobalData Press Office for comment,
analysts available for interview at +91 40 6616 6809 / +44 207 936
6400 or email: pr@globaldata.com.
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