Ackman sees a large opportunity to cut costs at the animal drug company, according to people at a private meeting with investors where Ackman spoke. Ackman hasn’t yet met with Zoetis’s management, according to one person familiar with his plans. The people asked not to be identified because the matter is private
Big changes being announced shortly after board meeting this week. Large changes to leadership teams, restructures etc. Hold onto your butts...it's Pfizer all over again.
Layoffs/restructuring are coming. ZET exits are included. Certain markets will be exited as well. Plan is to cut a quarter of workforce over the next few years.