PORTAGE, Mich. (Michigan News Source) – Pfizer is laying off roughly 200 employees in Portage due to lower demand for its COVID-19 products.

The pharmaceutical company says they don’t take the job losses lightly and media relations director Steven Danehy says the company informed employees on Thursday.

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Pfizer received the first Food and Drug Administration (FDA) approval for a COVID-19 vaccine. The company reported a narrower-than-expected loss for the third quarter.