"This is designed to foster a stronger sense of belonging, strengthen relationships, enhance collaboration and accelerate decision-making processes."
"Working from home and a vibrant office culture are not necessarily mutually exclusive."
"It is unfortunate for the many employees who have enjoyed being able to work from home from time to time that management has not managed to make this work at Novo Nordisk."
Novo Nordisk instructed all employees to return to the office as its new CEO seeks faster decision-making and stronger commercial execution amid intense competition in the obesity drug market. The company announced plans to cut 9,000 jobs after sales growth stalled and shares plunged, wiping about $450 billion from market value since mid-last year. Competition from Eli Lilly and compounded copycat drugs contributed to pressure. Novo framed the office return as a way to foster belonging, strengthen relationships, enhance collaboration and speed decisions. Previous remote-work rules varied by country and department, and individual manager agreements remain possible.
Read at Yahoo Finance
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