Barcelona

[anonymous]

50 workers currently being recruited in Barcelona. Finance, HR, legal, supply chain, commercial all fired in Switzerland and rehired in Spain.

 

[anonymous]

What is in Barcelona?

 

[anonymous]

What is in Barcelona?

cheap labor?

 

[anonymous]

cheap labor?

Exactly. You can hire 3 Spaniards for the price of 1 Swiss.

 

[anonymous]

Selling to Almirall?
https://www.reuters.com/article/almirall-outlook-idUSL1N2MU0UU

 

[anonymous]

CEO announces yesterday they are leaving Almirall https://www.linkedin.com/feed/updat...date:(V2,urn:li:activity:7038109448392822784)

 

[anonymous]

https://galderma.wd3.myworkdayjobs....ationCountry=bd34c524a6a04ae6915f5d96fa086199
Here are some of the openings

 

[anonymous]

The best got fired and the survivors get replaced by cheap labor. A race to the bottom. There seems to be only three ways to save money to meet EQT’s/Fleming’s crazy goals: layoffs, chasing cheap labor and doing less. Sad to see Galderma being destroyed further.

 

[anonymous]

https://www.bloomberg.com/news/arti...g-up-to-3-billion-from-galderma-ipo#xj4y7vzkg

 

[anonymous]

https://www.bloomberg.com/news/arti...g-up-to-3-billion-from-galderma-ipo#xj4y7vzkg

2+ years later than expected. Flemming is desperate to cash in and run for the exit with his pockets loaded.

 

[anonymous]

I heard LAYOFFS and MORE LAYOFFS In Switzerland. Brace yourselves.

 

[anonymous]

I heard LAYOFFS and MORE LAYOFFS In Switzerland. Brace yourselves.

You were right. Another 175 jobs gone. Firing never stops.

 

[anonymous]

You were right. Another 175 jobs gone. Firing never stops.

who’s gonna be left to do all the work?

 

[anonymous]

who’s gonna be left to do all the work?

Average tenure is less than 24 months with more senior leaders lasting less than 12 months. People are done with Galderma. Not the place to be.

 

[anonymous]

Insider news: layoffs coming the week of March 20th. There will be some real surprises. If 1st quarter is not met, there will be more mid April. Anyone who is left will be doing six jobs.

 

[anonymous]

Insider news: layoffs coming the week of March 20th. There will be some real surprises. If 1st quarter is not met, there will be more mid April. Anyone who is left will be doing six jobs.

Heard the same thing. They may push it to early April, but it will be between 150-175 people and mostly in the US. They have to trim down the number of employees in the Dallas office.

 

[anonymous]

It won’t be long until the Lausanne head office is shut. Roles will either move to Barcelona or Zug.

 

[anonymous]

It won’t be long until the Lausanne head office is shut. Roles will either move to Barcelona or Zug.

Firing of the troops started today in Europe.

 

[anonymous]

Firing of the troops started today in Europe.

who got hit?

 

[anonymous]

who got hit?

US starts no later than 2nd week or May. Numbers are bigger than originally thought. Board wants money back and profits are not there with current headcount. It will be a skeleton crew running the show through 2023 after this round.