Discovery Reorg

Dudes,
Remember Bristol's Core Values...

NO LOYALTY!!!
NO CAREERS!!!
NO RETIREES!!!
NO TEARS!!!

SAW

 

BMS should not over invest in IO. It must maintain a diverse portfolio. Even if we won in IO, we will be in a war with tecentriq and keytruda, with each PBO wanting a lower price. We can weather storms like this due to eliquis.

 

It's way too late for that now.. Company leveraged their entire future on IO

 

Everyone in HPW is nervous ! Instead of hiding it senior management (who can be laid off too) should be supportive and as transparent as possible. The best way to stop rumors.

 

Pharma sucks period. Point taken. Dont tell me these VPs and CEOs get hundreds of thousands in options and bonuses. Just do me a favor at this point.....gimme my damn severance package, this company sucks bung holes. Signed a no longer devoted employee. MD not working for you soon

 

Not true if you are slated to be let go as well.

 

Small molecule chemistry and discovery biology.. Clinical might be affected too !

 

Well, now that it is clear that IO will be TOUGHER than a land war in Asia pricing and access wise, thanks to the tremendous competition and PBO arguments, time to start increasing investment in CV and other promising areas. Remember, even AZ - bottom of the industry, late to every party AZ- even they will have an Ab which will be treated as indistinguishable from ours. No combinations are exclusive. Prices for these Abs are so high that PBOs will tell hospitals to mix and match, and oncologist pay is getting so low, they'll do it by hand. No guarantees anymore here, and cost of goods is so high, margins will shrink to zero in 2-3 years.

 

Discovery cutbacks will be shocking...

 

We should be seeing WARN notice on NJ State site any day now with layoff number. Good luck all!

 

y'all checked $BMY Z-score lately? First shaken, now stirred. BMS collapsing 4 years ahead of 5 year schedule.

 

I think all these rumors have to stop !!

 

Just look at the number of views for this post ! It shows the nervousness and the need for more information .. Folks are turning to cafepharma for updates rather than having an open conversation with their managers.

 

The final push towards a virtual discovery organization soon. Colleagues, update your resumes...

 

Who cares about layoffs, between the beginning of the year and now Lamberto was able to cash in almost $30 million dollars worth of options. Thank God he got most of this done before the recent price crash. Way to go Lamberto! Employees come first like BMS always says.

 

That was for the patients you insensitive prick.

 

Bristol's most expendable resource, it's employees!

 

Lol ! Finally something cheerful on this sad forum

 

The pathetic "leadership" will have successfully gutted and rendered BMS in its entirety before this ends. Look for a prompt shining of the BMS turd and repositioning for sale or partnership following the dual failures in the incomprehensible design of Checkmate and the subsequent reorganization failure. The decline of BMS will not stop, as the only hope that remained lay in the hands of the employees, who are getting royally fucked because of leadership incompetence. Employee loyalty? ... extinct. BMS has eaten the seed crop for the next season.

Incompetent and self serving leadership asking us "who do you work for"? Perhaps these fucks should ask themselves...

 

Major CV sales layoffs will be announced either Dec. 12 or 19 so there's still time to update resumes. Only top 25% of CV will be retained due to consolidation of field forces

Eliquis has already been sold to PFE for much needed cash to help BMS weather storm of imminent IO competitive price erosion

Until then, watch your back as HR/Compliance are on the hunt for terminations to save $ for expensive cumulative buy out packages

Malicious-vika in particular should be avoided like the plague. If you're feeling like a lonely salesperson and like a mushroom kept in the dark in a pile of s%#@, be very glad you've read this post and forewarned because proof is in the un-transparent, non-communication because sales brings in the revenue so they're always going to be last to know

Update, interview, and get prepared