Soriot points out that Europe now faces a double threat. On one hand, major pharmaceutical companies are investing heavily in the United States to avoid their products being heavily taxed by the Trump administration. On the other, China is already a leader in generics and has become a formidable competitor in innovative medicines.
This dude is hollowing out his own company. They keep firing chunks of departments with no one that knows how to do those jobs. (Source my wife was fired, and her best friend says no one knows how to do the jobs of those fired)