Nope! They are using me in the championship game!
Can anyone say P&G
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Nope! They are using me in the championship game!
You clearly have me confused with someone else, as my post says nothing about there being 100% layoffs. Of course there will not be total layoffs, but there WILL be significant reductions in territories in URO, WHC, and OSTEO. Not having significant reductions in URO and WHC means that Actavis will basically double the size of their existing footprints in these areas.
In conclusion, I never said there would be 100% layoffs, but there will be significant layoffs (or attrition from vacant territories) in URo and WHC at least!
To paraphrase you "Never in the history of Pharma, has there been an acquisition of another company that did not result in dramatic reductions of the combined organization, even in sales". The bottomline is that there will be significant overlap, and Never in the history of corporate america, has a company acquired another, then fired their own legacy people. The bulk of the layoffs will come from the vanquished, and thats WC.
Why argue, we agree on all fronts.
- There will not be 100% layoffs at WC
- There will definitely be layoffs at WC!
I feel strongly there will be layoffs for both companies. Mostly WC under performers and some good reps that just fell in a bad over lap situation. I don't think the blood bath will be as bad as everyone thinks. I think they will fire gastro, derm, and osteo reps who might be underperforming and put top Uro and whc reps that fall in an overlap in their territories. No one will be safe when they assess everything.
You WC people really are idiots. Most of you will not keep your jobs! I'll say it one more time, most of you will not keep your jobs!! Your salesforce has the worst reputation in the industry and management at Actavis knows it.
Shut up loser. No one cares what you think gloom and doom. Are you saying most (70%) of salesforce will be let go?! That's laughable. 30% reduction is a lot and probably more accurate. So, quit trolling count chocula and go back to ordering your panera bread orders for next weeks lunches on your shitty lunch budget.
If anyone remembers... the number of P&G sales reps that were let go at the time of the WC acquisition was greater than 80%. They didn't get rid of the WC reps and keep the P&G.
THEY are buying US, and you think that the layoffs will be equal. You MUST be one of these inexperienced 23 year olds that we love to hire. You simply do not know how this works.. Let me school you, THE ACQUIRED COMPANY ALWAYS BEARS THE BRUNT OF ALL LAYOFFS.
I have no idea of how many layoffs there will be, but Actavis is promising 400 million $$$ in annual "inefficiencies". Young fella, this means layoffs and lots of them! Period!
I am with you. 30% layoffs, plus elimination through attrition, and eliminating vacant territories. I never heard anyone suggest 70%, but lets be real a 30% firing is massive! Lets be real clear, at 30% we are looking at 200 reps being fired in one fell swoop.
I think you are finally catching on Mr. "Dont worry be happy"!
Nobody ever does, including non pharma. There are a lot of wishful thinkers in WC, especially among our kiddie corp of sales reps.
They let the P&G reps go because they could not sell their way out of paper bag. They were not paid bonus. Salary only reps with no ability or motivation. WC reps are at least MOTIVATED by money. The long time P&Grs were lazy, and incapable. Who would stick around for a job that pays no bonus but a loser??? The P&G reps were pathetic. Hadn't done a sales detail in 20 years. It was so obvious!
It does not matter. Once the dust settles after this merger, the one or two, still clearly disgruntled 48 year old Ex-PGer who got laid off back in 2009 and probably still hasnt found as good as a gig yet so they come on CP and live a vicarious re-incarnation of the mass lay-off that took place over 5 years ago, will soon realize this is not the same company nor the same situation. There will be some lay offs, nothing crazy, nothing dramatic. Get over it!
Yes, major run on sentence there for any English majors out there!
Yes, major run on sentence there for any English majors out there!
That is really funny considering every single brand WC bought from P&G has lost market share including the flag ship Asacol. Sounds like we really couldn't sell. Not to mention that the Gastro community hates WC and will not support Delzicol. Managed Care coverage is declining and will be much worse going forward. What happened to Carl and his type A crazy plan to convert 90% of Asacol patients to HD in 6 months. He was a fool and you are too! This is plain and simple a tax play. 75-80% of the combined revenue will come from Actavis....now that will be about 20% more profitable because they can incorporate in Ireland. Asacol and taxes not the sales force are the reason for the sale. WC reps are motivated by greed and fear which only work if you are selling dog, me to acne medications or generic leapfrogging OC's. Look at the numbers you idiot.
PG may not have had a bonus but we had the best pension in the country. We got better raises and we had a market share that was better than todays. WC reps would kill each other for 100 bonus on getting docs to fill out prequals. Oops sorry that is why the FDA and justice dept is investigating. Did anyone tell Pete S that McDonalds heard he knows about heart meds and they would Ike him to sell the quarter pound veggy burger.
I heard WHC Peter P. DM in DC left for a better job or got fired- which is it?
If you WC reps think you are great reps, clearly you are naive and will quickly discover what happens to a "seasoned" WC rep when he/she tries to look for another job. Believe me when I tell you that staying at WC for longer than, let's say 2 years will actually HURT your chances of getting another pharma job (although why anyone would even want another pharma job at this point is beyond me). In fact, you might be better off omitting WC from your résumé entirely. Trust me, this new company will look for ways to replace you if they don't just immediately offer you a package. Nobody wants the liability of a sales force full of WC reps. It's not your fault. Most of you are straight out of college and don't know how the industry sees you.
Actavis bought W/C because of the preferable tax rate in Ireland.
Actavis bought W/C for the preferential tax rates in Ireland