More Job Cuts Expected at BMS and J&J

I hate posting news like this. BMS plans to cut staff later this year, mainly in "back office" and "infrastructure" positions (translation: IT, manufacturing and operations?) More from CNN But this morning, Bloomberg reports that J&J also plans to reduce its workforce by 4% this year.  More from this morning's news.  AstraZeneca announced 11% job cuts last week.