Bye bye Sumitomo

[anonymous]

don’t kick the donkey. Leadership here are all dumb mules so that poster is likely already maximizing their mental capacity with that post. All they know is all they know which ain’t much.

There’s a lot of public school in this post.

 

[anonymous]

Of course spin it if you like but Reality speaks. Please do share if you have something legit to offer otherwise save the woke BS.

 

[anonymous]

Are more cuts going to happen and when do people think the next possible round of cuts may hit?

It is surprising how many employees don’t look at the public earnings report.

 

[anonymous]

Company wide call on Fri. What’s in the cards? Any pharma. Christmas present reorg coming?

 

[anonymous]

Are more cuts going to happen and when do people think the next possible round of cuts may hit?

It is surprising how many employees don’t look at the public earnings report.

 

[anonymous]

Reorg by summer 2024 at the latest.

 

[anonymous]

Everyone should do themselves a favor. Go to the Sumotomo web site and look at the video report on the latest quarterly report, Oct. 31. Myfembree, Orgovyx, and Gemtessa are way behind plan. They blame North America for all of their woes. If you wait until the end ( a little over an hour), where q&a starts, the CEO is very evasive about what they are going to do about the situation, or their Plan B. You have to believe something is going to happen here in North America within the next 3-6 months. Watch it and see what you think.

 

[anonymous]

3-6 months is the very obvious timelines in play here. I don’t think many people question that.

 

[anonymous]

3-6 months is the very obvious timelines in play here. I don’t think many people question that.

People really think it will be that long from now? I would guess sooner? They’re not going to wait until a week or two before the cash has dried up to make cuts…

 

[anonymous]

There has been NO real communication about what is actually going on from leadership. It is like they are shuffling things around at the top and giving out new titles with a lot of executive leadership that cannot be necessary. Cut all those positions in half and have responsibility for more than one product?
How can they be shocked that sales are flat or not where expected when there are very apathetic vp. They don’t seem to know what is going on. Our promotional materials are lacking and the middle managers are way out of date on what this industry requires.

 

[anonymous]

People really think it will be that long from now? I would guess sooner? They’re not going to wait until a week or two before the cash has dried up to make cuts…

 

[anonymous]

Nothing happening right now. Go back to sleep pal.

 

[anonymous]

Nothing happening right now. Go back to sleep pal.

Ooff, this guy needs to look at the last financial report.

 

[anonymous]

You peeps are homers if you think your company will survive. Industry worst leadership combined with no pipeline spells doom. Pathetic

 

[anonymous]

Tell you how we get lean. We take out some of these layers and let go of the 1990s model of this business. No more mini Astellis, if it was so good, you’ll all wouldn’t have come here. How many executive vice president whatever’s can we possibly need.

 

[anonymous]

Tell you how we get lean. We take out some of these layers and let go of the 1990s model of this business. No more mini Astellis, if it was so good, you’ll all wouldn’t have come here. How many executive vice president whatever’s can we possibly need.

You going down son! Let me hear you scream.

 

[anonymous]

It’ll be late holiday gifts coming. Expect reorg announcement in Jan 2024. You heard it here first.

 

[anonymous]

It’ll be late holiday gifts coming. Expect reorg announcement in Jan 2024. You heard it here first.

Typical Sumitomo playback…trigger WARN act second week of January. 60 day notice to employees. Let Aptiom sales for go…consolidate Gemtesa sales force. Reduce everything else by 30-40%. Legal and HR already did the DEI checks. Everyone being let go has already been chosen. Close out FY23 with huge losses. Start FY24 fresh with new low forecasts for products.

Thank leadership for the gift that keeps on giving…poor leadership, me too products, too many leaders, no vision. Etc.

Happy Holidays.

 

[anonymous]

Nailed it.

 

[anonymous]

Yep crawl to the end of fiscal yr 23. Cut the losses and attempt to salvage the remains entering full year 24.