Heard layoffs coming in the upcoming month or so before quarterly earnings report

Discussion in 'Valeant Pharmaceuticals' started by anonymous, Jul 16, 2016 at 3:07 PM.

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  1. anonymous

    anonymous Guest

    I've got my resume ready and active to leave.
     

  2. anonymous

    anonymous Guest

    Kinda interesting........gotta be Derm, Salix, or other. B+L is actually expanding for new drug in a few days.
     
  3. anonymous

    anonymous Guest

    Which Derm division?? I was hired not even a year ago how is this possible? Manager brushes off any q's about layoffs. &h^t is annoying as f&ck not knowing if I'm going to have a job next week or month.
     
  4. anonymous

    anonymous Guest

    I hear McKensey is snooping around the home offices again. I would not be surprised if there are cuts in the administrative positions.
     
  5. anonymous

    anonymous Guest

    Typically, it's execs and managers that get thrown out in these kinds of situations. Middle managers. Division execs that are underperforming or that have had it coming for a while. Execs who have left that had managers or other execs they were protecting -- those people are thrown out, too.

    Often, nobody will be "fired" per se -- they are usually asked to resign or leave.

    I would think that decently-performing salespeople would be relocated to another division, though. Good salespeople are worth holding onto, and I think it's probably no different at Valeant.
     
  6. anonymous

    anonymous Guest

    Yeah, yeah. I would think so too. Valeant is like most companies.
     
  7. anonymous

    anonymous Guest

    Ackman wants 10 percent reduction in staff but papa's is resisting.

    Not sure who will prevail
     
  8. anonymous

    anonymous Guest

    Of course, Papa wants to retain all the deadweights.