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flag Danish drugmaker Novo Nordisk institutes global hiring freeze, facing market value drop and new leadership.

flag Danish drugmaker Novo Nordisk has put a global hiring freeze in place for non-critical roles, affecting all markets and departments. flag The move comes after the company's market value dropped by $70 billion in July due to a profit warning. flag New CEO Mike Doustdar, who started in August, is looking into cost-cutting measures, including potential layoffs, as Novo Nordisk faces increased competition from rivals like Eli Lilly.

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