Obamacare Forces More Layoffs at Daley’s Old Firm

Brandon Stewart /

Major Chicago pharmaceutical company Abbott Laboratories will be forced to cut 1,900 jobs (more than 2% of their entire workforce) it announced late yesterday afternoon. As Bloomberg notes, these cuts follow almost 9,000 jobs the company cut just last September.

In a statement announcing the cuts, a spokesman explained that Obamacare had already cost the company $200 million in the past year and that the layoffs were “in response to changes in the health- care industry, including U.S. health-care reform and the challenging regulatory environment”. Maybe this time the White House will listen. Up until just two weeks ago, Bill Daley, President Obama’s new Chief of Staff, served as a member of Abbott’s board of directors. (more…)