Pfizer Adding 350 Jobs in MA, Globe Reports

Xconomy Boston — 

Massachusetts is expected to gain 350  jobs from Pfizer (NYSE:PFE) as the world’s largest drugmaker restructures its global research and development activities to cut $1.5 billion in spending, the Boston Globe reports. New York-based Pfizer—which employs 2,300 workers at two research hubs in Cambridge and a facility in Andover it acquired through its 2009 buyout of Wyeth—will be cutting 100 jobs in the Boston area while adding 450 jobs here through the relocation of its neuroscience and cardiovascular metabolic research groups from Groton, CT, the Globe reports. The company is now looking for a new site to house those research operations in the Boston area.