Neuro layoffs Friday

They are done for now but everyone is looking.

 

A few more to cut soon.

 

What's the vibe on the layoffs? Glad I left this place a long time ago.

 

Same here, so glad to have left that miserable place. There will probably be more layoffs, since they want to do it just before they give out bonuses in March, so that they don't have to give out bonuses to those that they're letting go. Those funds will be re-distributed back to that team at the discretion of management, and I bet that the most senior managers keep most of it anyway.

 

More layoffs as reps will be replaced with cheaper HCP reps.

 

What's wrong with this strategy? They should outsource more resources. Why they pulled back on the outsourcing of Accounting is beyond me. Fill those gigs with higher paid incompetents just to appease the government. Should also outsource HR, Legal, all Finance, Customer Services, etc.

 

You still get paid out your Q4 bonus if you get laid off- and nothing gets redistributed. All lies from someone that admits they already left - kind of comical really.

 

That's true for the sales reps, but not for the corporate pukes. SOL for anyone getting canned at Bridgewater.

 

More layoffs soon

 

The outsourced finance team was a disaster. They couldn't do anything unless you wrote out a script for them to follow and if the script didn't contain every single possible scenario, they threw their hands up and sent it back in house at the first step requiring thought.

It wound up being more work to use them than it would have been to keep it in house and was a complete waste of money.

 

Obviously, you should have written the scripts for them. However, they wouldn't hide things for you, so you cut them. Basically, you don't know how to manage.

 

After the B&L acquisition, I was told that I was redundant, they were transitioning all the Accounting resources to India, and that the company had to let me go. Luckily, I landed on my feet, but I blame management for over-complicating things, since more often than not, they seemed to be chickens with their heads cut off. Don't get me wrong, there were some good decent people there before, but the leadership was made up of insecure, overpaid, indecisive managers.

Good riddance.

 

Looks like there are hiring taking place and not layoffs right now? The vicious cycle of hire, layoff, hire others then do layoffs, hire more in the spots where the layoffs were then do layoffs again. The 3-5 year ongoing cycle of pharmacy now.

 

Outsourcing accounting was a disaster. The people they used were only capable of following a script to the letter, but the second something went slightly different, they couldn't do a thing. If it required any thought at all, they were incapable of doing it.

 

All the while, the CFO and controller were making horrible decisions. So, two negatives make a positive.