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SundayTeva to fire 5,000 employees.![]() Teva Pharmaceutical Industries Ltd. today announced that it will fire 5,000 employees worldwide, a tenth of its workforce, and the largest ever wave of layoffs in the company's history. Teva's biggest challenge is competition against its multiple sclerosis treatment, Copaxone, and the expiration of its patent in 2014. The drug is reportedly responsible for 30-50% of Teva's net profit.. READ MORE |