The inspiration for this chart, of course, is Matt Herper's vital and still-relevant analysis that he put together in April of 2011. John Carroll (FierceBiotech) followed it up in October 2012, and I'm just adding the relevant numbers so that the chart is up to date. (See here for the spreadsheet that the above chart is based on, I'm putting the links to the relevant Challenger press releases below.)
Since 2000 until the end of October 2013, according to Challenger's numbers, there have been 349,502 jobs lost in the US pharmaceutical industry. As Matt smartly pointed out in 2011:
"not all those people remained unemployed, and the total headcount of the pharmaceutical industry did not drop that much. Many of those who were laid off were probably hired back by other drug makers. Some folks have probably been laid off more than once. It’s also worth noting that big mergers are one reason for the cuts."This is a vital industry, and one that I'm proud to be a part of. While I think there are definitely glimmers of hope here and there, times are still very hard. Best wishes to all of us.
Press releases: Total 2011 Challenger numbers, total 2012 numbers, October 2013 numbers.