financetom
Business
financetom
/
Business
/
Novo Nordisk tells staff to return to office full-time amid CEO's revival effort
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Novo Nordisk tells staff to return to office full-time amid CEO's revival effort
Sep 11, 2025 7:13 AM

*

News comes after layoffs announced on Wednesday

*

Other companies, US administration have scrapped home

working

*

Novo employees can still make individual arrangements

COPENHAGEN, Sept 11 (Reuters) - Wegovy-maker Novo

Nordisk said on Thursday it had told all its staff to

return to the office as the drugmaker's new CEO tries to

accelerate decision-making and improve its commercial execution

amid intense competition in the obesity drug market.

Novo on Wednesday said it would cut 9,000 jobs after sales

growth had stalled and shares had slumped, knocking $450 billion

off the company's market cap since the middle of last year, as

it faces competition from U.S. rival Eli Lilly ( LLY ) and a

wave of compounded copycat drugs.

"This is designed to foster a stronger sense of belonging,

strengthen relationships, enhance collaboration and accelerate

decision-making processes," the company said in a statement.

The company declined to comment on what its previous

work-from-home policy was. According to Danish news agency

Ritzau, there were no general guidelines on working from home

prior to Thursday, and rules varied from one country and

department to another.

The chair of Danish trade union HK Privat, which organises

administrative staff and laboratory technicians at Novo Nordisk,

said he was surprised that Novo had discontinued its

work-from-home policy.

"Working from home and a vibrant office culture are not

necessarily mutually exclusive," Kim Jung Olsen said in a

statement.

"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's request comes after other companies have abandoned

work-from-home policies.

In January, JPMorgan Chase asked employees to return to the

office five days a week starting in March, while U.S. President

Donald Trump has ordered federal workers back to the office.

Amazon ( AMZN ) and others already asked staff to return to the office

late last year.

Novo said it would still be possible for employees to make

individual agreements with their managers, leaving some room for

flexibility to ensure that both personal and business needs were

met.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved