Novo Nordisk CEO cuts 9,000 jobs after 40% stock plunge - here's the comeback plan
Key Points
- Novo Nordisk, facing a 40% stock drop, is making a comeback ...
Losing 40% of your stock value in a year is like watching your favorite restaurant turn into a gas station - technically still there, but not quite what you ordered. That's exactly what happened to Novo Nordisk (NVO), the Danish pharmaceutical giant that went from weight-loss darling to Wall Street's least favorite dinner guest.
But before you write off this former titan completely, the company is cooking up a comeback story that might just work. Think of it as a corporate makeover show, complete with dramatic job cuts and a shiny new CEO.
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