42% layoffs announced in NVS global innovative meds

[anonymous]

If your over 50 years of age, I hope your retirement is sound. This industry wont be kind to those of us with 20 years exp. and elevated salaries looking to hope on elsewhere.

You are wrong. I know plenty of reps in their 50’s who know docs that you will never know. They had no problem finding a job.

 

[anonymous]

think about how long useless people were getting paid this whole time. What does the size of this layoff tell you about the number of empty suits trolling the halls. Here's news... there's a ton in EH.

 

[anonymous]

What product does Value and Access team work with? Is that an FRM role?

you have got to be kidding, right? Where have you been living with a question like this? Are you even in the company ?

 

[anonymous]

Why all the hostility. Just wanted to see if there were any roles available to apply to?

 

[anonymous]

Layoffs are due to the 400+ anchor you guys are acquiring in Clovis Oncology.

Get with the program.

 

[anonymous]

Can someone explain to me why people who have been successfully performing on the job, who are recognized as talented have to reapply for their job and go through an interview process. Why does Novartis believe it can be this arrogant especially when it has lost its shine.

 

[anonymous]

No one should feel too safe and comfortable.

We were just told in Immunology with Cosentyx no cuts expected. I feel pretty safe because its the biggest and most important product for the company. Cardio, Neuro won't be safe.

 

[anonymous]

We were just told in Immunology with Cosentyx no cuts expected. I feel pretty safe because its the biggest and most important product for the company. Cardio, Neuro won't be safe.

Guess what they told Cardio reps? The exact same thing. So far nobody I've interacted with was stupid enough to believe them.
But don't worry, I'm sure you'll be fine.

 

[anonymous]

Neuro rep here: we were told minimal field disruption and ended up with 36% field force reduction. We had people who just won Presidents Club let go. NOBODY was safe. So CRM and Cosentyx are not safe. It’s just a matter of how deep the cut will be but all divisions are having cuts. All positions are having cuts….field, HQ, training, marketing, medical. They are calling it “right sizing” based on the feedback from ZS. Don’t be lulled into thinking you are safe.

 

[anonymous]

8000 jobs cut globally. 1400 in Switzerland. The remaining 6600 will come from markets, regions and Conexts. No one is safe.

 

[anonymous]

Neuro rep here: we were told minimal field disruption and ended up with 36% field force reduction. We had people who just won Presidents Club let go. NOBODY was safe. So CRM and Cosentyx are not safe. It’s just a matter of how deep the cut will be but all divisions are having cuts. All positions are having cuts….field, HQ, training, marketing, medical. They are calling it “right sizing” based on the feedback from ZS. Don’t be lulled into thinking you are safe.

The big difference between neuro crm vs. immunology is that Cosentyx is a 5 billion a year product with a minimal sized sales force. Cosentyx does almost double in revenue and profit what our entire portfolio in neuro and cardio do in a year.

If I was in cardio I would worry- you guys have about 6x as many reps pulling in roughly 1/3 the revenue and even less profit.

 

[anonymous]

Monday morning and nothing but emotional exhaustion. This global transformation and the associated uncertainty is just draining my energy. Good luck everyone.

 

[anonymous]

Monday morning and nothing but emotional exhaustion. This global transformation and the associated uncertainty is just draining my energy. Good luck everyone.

Spot on. Dreading the work week full of toxicity, lies and being bashed in the face by management.

 

[anonymous]

Monday morning and nothing but emotional exhaustion. This global transformation and the associated uncertainty is just draining my energy. Good luck everyone.

I’m feeling the same. Tired from all the pseudo- political correctness with clueless managers lying to our face.

 

[anonymous]

Monday morning and nothing but emotional exhaustion. This global transformation and the associated uncertainty is just draining my energy. Good luck everyone.

amen to that. glad to know i am not the only one feeling this way. good luck all!

 

[anonymous]

Monday morning and nothing but emotional exhaustion. This global transformation and the associated uncertainty is just draining my energy. Good luck everyone.

Great comment. I am feeling the same.

 

[anonymous]

Just in.. first feedback from the earliest cage matches. Yes Vas and his direct reports watch all of the cage matches. A couple of winners hid shives inside their loin clothes. Apparently all employees wear only a loin cloth with chest wrap for the cage matches. The job description is dropped into the cage, a bell rings, and anything goes - last one standing gets the job. Dont hesitate rip the fucking shit out of your opponent, eat their liver if necessary. Keep your job. Shaft your opponent.

 

[anonymous]

Monday morning and nothing but emotional exhaustion. This global transformation and the associated uncertainty is just draining my energy. Good luck everyone.

Same here. The mental resilience required in this toxic environment is wearing me out. Take care everyone.

 

[anonymous]

Same here. The mental resilience required in this toxic environment is wearing me out. Take care everyone.

Take a deep breath and put on a smile. Life is good and enjoy each day to the max.

 

[anonymous]

Take a deep breath and put on a smile. Life is good and enjoy each day to the max.

Great take, you're absolutely right!

This will pass, and soon will be forgotten for its relative insignificance in the whole scheme of anyone's life. We'll all live, and go on here or somewhere else. The main thing is be happy, be healthy, and control what you can.