{"id":44764,"date":"2014-10-29T08:03:47","date_gmt":"2014-10-29T12:03:47","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=44764"},"modified":"2014-10-29T08:03:47","modified_gmt":"2014-10-29T12:03:47","slug":"amgen-bowing-to-hedge-fund-pressure-to-cut-up-to-1100-more-jobs","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2014\/amgen-bowing-to-hedge-fund-pressure-to-cut-up-to-1100-more-jobs.html","title":{"rendered":"Amgen, bowing to hedge fund pressure, to cut up to 1,100 more jobs"},"content":{"rendered":"<p>LA Times &#8211; Amgen Inc., the Southern California biotech giant that has struggled to match the torrid growth of its pharmaceutical peers, finds itself in the crosshairs of a New York hedge fund manager, one of the new breed of activist investors, who is loudly calling for the company to split in two.<\/p>\n<p>Amgen is resisting a split, though by promising to shed thousands of jobs as part of a bid to boost its share price, it has been steadily giving in to Wall Street criticism of being bloated and inefficient.<\/p>\n<p><a href=\"http:\/\/www.latimes.com\/business\/la-fi-amgen-job-cuts-20141029-story.html#page=1\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LA Times &#8211; Amgen Inc., the Southern California biotech giant that has struggled to match the torrid growth of its pharmaceutical peers, finds itself in the crosshairs of a New York hedge fund manager, one of the new breed of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44764","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=44764"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44764\/revisions"}],"predecessor-version":[{"id":44766,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/44764\/revisions\/44766"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=44764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=44764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=44764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}