Pfizer Helped Save the World With Covid Vaccines. Now It Needs to Right Itself.

Thousands of Pfizer employees from around the world were watching through their computer screens in October when Chief Executive Albert Bourla and other executives at the giant drugmaker stepped onto a stage for a company town hall.

Pfizer had announced several days earlier it was embarking on a $3.5 billion cost-cutting effort, including layoffs. Bourla and the other executives explained the company was positioning for growth.