Layoff details

Finalized this week. To be announced around November 2014, and executed Jamuary 2015.

MSBU - 70-80 percent cuts with a lot of white space
Primary Care - 100 percent done
Managed Markets - 80-90 percent cuts
Oncology - untouched (why???)
Derm - untouched for now
IHC - 100 percent done (will be sold off to another company this year)

Sorry to be bearer of bad news but it's best if you prepare now. By the way this includes ABLs not just reps.

 

When i see stuff like this i always ask why.....? What would be the reason to cut so many?

 

it's quite simple. the logic presented to everyone.

we need to spend our hard-to-come buy profits into activities that actually care and cure patients.

 

"But my manager keeps telling me that our pipeline is best in class." Says the head in the sand rep.

 

Field ABL here, I did a rotation for 6 months at HQ. The reason is access. You all have very little impact, very low access even with lunch. You know it, I know it and HQ knows it!

 

We all knew it 10 years ago, why the change now?

 

Big Cuts Coming to Big Pharma

On 06 May, 2014 Business Intelligence, Commercial Operations By : Greg Barlow No Comments

In a recent white paper , the IMS Institute for Healthcare Economics projects that the largest 17 pharmaceutical companies will need to cut over $35B through 2017 to maintain their current levels of research and development yet also maintain their operating margins. Why is that? With many companies facing patent cliffs of their blockbuster drugs (and the rise of generics) coupled with the increasing influence of payers, pharmaceutical companies are having a harder time generating top line revenue.

In IMS’ survey, they found that over 45% of executives planned to cut costs more than 10% over the next three years. The sources of cost cutting will vary, but with sales, marketing and administration accounting for over 30% of sales costs, these groups would seem the most likely targets. Within commercial operations, for example, 40% of those surveyed expect cuts to be more than 10% and 20% expect the cuts to be more than 15% over the next three years.

http://verix.com/big-cuts-coming-big-pharma/

 

Typical dm. Notice how he use"you all". Like dm s are not part of the machine. Of course charging sky high
prices and treating our customers and employee s like sh....t for 7 years has nothing to do with poor access.

 

Ten years ago access was much much better and blockbusters like Lipitor, Viagra, Advair, Diovan etc were in full swing. It's 2014. Name a single blockbuster that launched recently. Just one! Access in Oncology and MS in non existent but they still kinda have to talk to you due to difficulty of starting drug. Primary Care? Forget about it. Like a limp dick. Go find a job selling something else

 

Abl? Area business leader? leader of what? Go approve my expense report monkey and schedule a conference call do so you have something to do.

 

Believe it or not both you and I are on the same team and we are BOTH at risk of getting laid off. Quit playing the me against you crap would you? We both have to find new careers and soon. By the way I did not choose this title. It was Novartis. I don't care about titles, just money and security which there isn't much of in pharma anymore.

The only difference between you and us are the following:
#1 We make more in base/bonus than you (not by much)
#2 We interact with HQ personnel a little more than you
#3 We have to "coach" whereas you have to sell

The bottom line is that WE have ZERO impact on both you and our customers. YOU have ZERO IMPACT on your customers. WE BOTH are at risk!

 

Well thats better. I take it back. Nice to see some concern from you. Show concern for your team and you will really get some respect.

 

Getting back to layoff talk, i thought ihc was getting ready for lcz

 

Glad you feel that way, because as they get rid of the 'worthless' sales reps, there is no need for the layers of management and specialty positions sitting on their shoulders.

So keep in mind while you make cutting remarks ( true or not) you butt is one step closer to the unemployment line too!

As they peel back the layers of the onion, they will find many layers of useless positions, so don't puff your chest out too far.

We all know the truth.

 

Ah the true abl mind shows himself minutes later, enjoy your "office day" and use your mba to check sync times!

 

Is this a real post and not some made up Cafe pharma bullshit? Please, original poster do you have anymore details? Are you in HQ? In previous layoffs there was actually some good info on here. Just want to make sure. I know there has been a rumor for the while about the roll up of primary care, but I'm not hearing any of the other rumors, such as MS, and etc. in the field...

 

Not OP but I do work in HQ... Hate to say it but OP was spot on. I know because I've sat on several of those meetings. My advice to you - especially those in primary care is to look for a new job now. Please do not wait until the end. It's easier to find a job while you have one. Novartis does not want any part of Primary Care. None. Do what's best for your family. Unfortunately most of you won't believe me or OP. And you won't do a thing. My hope is that at least a few of you reading this will cut your losses and look for a new job. MS will have 80 percent cuts and Onc will survive only due to the new product launches. Serelaxin is done. Talks of this being sold off.

 

Of course Serelaxin is done! If you really think about it why keep even a skeleton PC division when they can get more money for selling off anything they can get for it. Acute data stinks and any decent promise of data with chronic is what they will use to sell the product to get the most that they can. Novartis is specialty pharma going forward. PC is totally done. Trust the OP and take care of yourself now and find a new job whir you have a job. Companies always want a good catch and you're not as "hot of a prospect" when you're unemployed. Take care of yourself first.

 

The smart reps are just waiting for the upcoming bonus to hit and then they are long gone.

 

Everyone in pc is getting out. My district is down 30%. The only one s that are staying are kams and dms.....im sorry, area business leaders.