Teva's senior staff at the New York Stock Exchange (Photo: NYSE)

Teva Pharmaceuticals’ massive layoffs

Pharmaceutical giant Teva announced Thursday that starting soon and until the end of 2014, it will go through a comprehensive wave of layoffs in Israel and abroad. The job cut will see some 5,000 employees laid off, with an estimated 800 to lose their jobs in Israel. The wave of layoffs is part of a…