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Biogen employees: Dread 2022! Which is worse? Layoff or Staying?

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anonymous

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Terrible feedback from customers already in terms of the price reduction. Everyone knows the real reasons why they reduced the price and it has nothing to do with the patient. Many hospitals now have said this absolutely seals the deal they will not be putting this junk on formulary. It is all over. Sales will continue to fall as this demonstrates to the world what a dismal failure the launch has been. Respectable Alzheimer's Disease Specialists that don't have their hands in the cookie jar $, are initiating a broad campaign to have the drug pulled from the US Market. Public Citizen usually is successful in getting a drug pulled.

So which is worse? Getting laid off or staying to deal with the aftermath of the layoffs and controversy? Many Biogen colleagues have been asked by customers "Are you ok? We think you need to find a new job and remove yourself from Biogen" "Do you think you will be laid off?"
 




anonymous said:
Terrible feedback from customers already in terms of the price reduction. Everyone knows the real reasons why they reduced the price and it has nothing to do with the patient. Many hospitals now have said this absolutely seals the deal they will not be putting this junk on formulary. It is all over. Sales will continue to fall as this demonstrates to the world what a dismal failure the launch has been. Respectable Alzheimer's Disease Specialists that don't have their hands in the cookie jar $, are initiating a broad campaign to have the drug pulled from the US Market. Public Citizen usually is successful in getting a drug pulled.

So which is worse? Getting laid off or staying to deal with the aftermath of the layoffs and controversy? Many Biogen colleagues have been asked by customers "Are you ok? We think you need to find a new job and remove yourself from Biogen" "Do you think you will be laid off?"
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No customers have asked those questions. STFU.
 












It will suck on all accounts. Those that remain will be left holding the bag and dealing with the wrath of customers. Those that get laid off will have to start all over again. This was such an enormous waste of time. The only thing that was created was drama and false hope to patients.
 








anonymous said:
It will suck on all accounts. Those that remain will be left holding the bag and dealing with the wrath of customers. Those that get laid off will have to start all over again. This was such an enormous waste of time. The only thing that was created was drama and false hope to patients.
Click to expand...

what about those who were never hired a year ago and still have not found employment and struggle to accept their loser status? Please provide your expert analysis for those?
 








anonymous said:
Terrible feedback from customers already in terms of the price reduction. Everyone knows the real reasons why they reduced the price and it has nothing to do with the patient. Many hospitals now have said this absolutely seals the deal they will not be putting this junk on formulary. It is all over. Sales will continue to fall as this demonstrates to the world what a dismal failure the launch has been. Respectable Alzheimer's Disease Specialists that don't have their hands in the cookie jar $, are initiating a broad campaign to have the drug pulled from the US Market. Public Citizen usually is successful in getting a drug pulled.

So which is worse? Getting laid off or staying to deal with the aftermath of the layoffs and controversy? Many Biogen colleagues have been asked by customers "Are you ok? We think you need to find a new job and remove yourself from Biogen" "Do you think you will be laid off?"
Click to expand...

Ok buddy I think you’re confusing “customers” with what your mom asks you when she sees you hanging out in her basement all day long.
 
























Damn, this thread is stupid. No hospitals said shit about it affecting their formulary within a couple if days, and you are a COMPLETE fucking moron if you think that Public Citizen has success. They made a big stink about not approving it, and look wheee we are. They are a bunch of nut jobs.
 












The only point proven is that you are a waste of space angry little punk living down in your moms basement waiting for Santa to bring you some new video games to give your loser life something else to do with your time.
 




It's pretty clear to most in the industry that Biogen wildly overestimated the market uptake and botched the Adu pricing. In hindsight, they should've priced and/or contracted more responsibly at the outset, but Biogen has historically never been shy about pricing high and taking aggressive price increases. While they could get away with it in some therapeutic areas, this was not one of them.

You can't completely blame it on Biogen HQ's greed or hubris though, some of it was just bad luck. They took a regulatory gamble and won, they were first to market, and they knew that competition would not be far behind. Unfortunately for them, the clinical data caveats (not uncommon with accelerated approvals) combined with the public scrutiny served to magnify their aggressive, yet failed bet.

With the sales forecast now a fraction of what it once was, they *WILL* need to make meaningful cuts to operating expenses - and it's sad that that will inevitably mean deep headcount cuts. Anyone who thinks otherwise is delusional (and haven't looked at their latest earnings reports).

I will never understand why people feel glee over others being impacted though. Like with any company, there are both good and bad apples everywhere. Both will get caught up in the upcoming RIF, but that's the nature of the industry. I don't work at Biogen but I know many good people there and many are actively looking for new jobs. Some will stay, some will leave. They will all be just fine. It doesn't change that it may be a stressful time for some though - and I will do what I can to support them, because one day it will be me, and I know they would do the same.

Best of luck to all in 2022 - we all need it.
 








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