Lilly Cutting 340 IT Jobs By the End of the Year

Maybe that drug heist was a little more costly than first thought back in March (grin). If you missed it, use the link below to read up as 75 million dollars worth of drugs were stolen.

Eli Lilly Pill Heist in Connecticut – Worth a Few Million on the Black Market And Should Have Been “Tagged” for Identification To Help Identify Reselling By the Thieves

Many of those stolen drugs though could have been potentially located though if they began “tagging” their products and it would help us find FDA recalls. Also happening at Lilly is a lot of outsourcing so perhaps some of the jobs will end up with contracts instead of employees and just normal IT and tech itself is replacing workers in companies everywhere.

Eli Lilly Outsourcing Clinical Trial Support to Thermo Fisher in Massachusetts

Lilly also anticipates a big loss on some blockbuster medications coming off patent, the big seller being Zyprexa, which was also one of the drugs stolen from the heist back in March. BD

Eli Lilly and Co. told employees Thursday that it’s cutting 340 information technology positions in Indiana.
The Indianapolis-based drugmaker eliminated 140 IT jobs in June through retirements, resignations and some cuts. Another 115 cuts will be made this month, and the remainder by the end of the year, according to an e-mail from Janice Chavers, a Lilly spokeswoman.
All displaced workers will get a few months to find another job within Lilly, although those opportunities are few. Workers who leave Lilly will receive severance based on their pay grade and time served with the company.

Lilly reveals plans to cut 340 IT jobs | Indianapolis Business Journal | IBJ.com