MedWatch

Layoffs and restructuring will prepare Leo Pharma for IPO

On Wednesday, Leo Pharma has let go of 68 employees, and a total of 1,000 positions in the organization will be affected over the next two years. The new operating model is meant to raise earnings prior to an initial public offering, the company says.

Photo: Leo Pharma / PR

The fact that Leo Pharma is currently without a permanent CEO hasn’t changed the company’s great plans for the future.

On Wednesday, Leo Pharma announces that it is letting go of 68 employees as a part of changes to the global organization to support its 2030 strategy, in a press release.

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