CEO Alberto mentions cuts & job losses in future

[anonymous]

Said no reductions. Actually was pretty animated about it. Pretty deep pipeline from the presentation and the updated website. Onc, I&I and Vaccines have the lions share of it.
Now the middle portion of the presentation looks like going to be some reduction in redundancy at the macro level. I mean how many emails have you received and you can’t really explain what their job title means? My bet is there are a lot and they are making $$$.

you heard what wanted to hear. I don’t blame you, but he’s hinted at cuts on Pfizer World, Earnings call and as it relates to executive order. Too much smoke for there to be not even a little bit of fire

 

[anonymous]

of course Stupid!Quit being bitter and worried about what Pfizer is doing.This will impact all of Pharma r*****.Not just with Pfizer.Key word is “if”

Keyword is could.... they wont... we will still be paying more than everyone else in the world...

 

[anonymous]

Said no reductions. Actually was pretty animated about it. Pretty deep pipeline from the presentation and the updated website. Onc, I&I and Vaccines have the lions share of it.
Now the middle portion of the presentation looks like going to be some reduction in redundancy at the macro level. I mean how many emails have you received and you can’t really explain what their job title means? My bet is there are a lot and they are making $$$.

Its ok to be a pfizer blue homer but you have to be absolutely STUPID beyond the realms of possibility to not pick up on what King Spaniard said GF! Said NO COVID RELAYED CUTS REDUCTIONS, FURROW , PAY CUTS.....
Repeat remedial self, COVID RELATED, that is key word. All other forums and outlets he talked about "cut losses", "cutting expenses", "costs reductions" "decreasing overheaf" "finding ways to do more w less"

So he will not layoff due to reps staying at home during COVID, but any other reason like drug price controls, reduced profit margins, money for R&D, buy outs, loss of revenue then there will be loss of jobs & layoffs.

A CEO of a FORTUNE 100 does not publicly mention cutting jobs in the US without any truth. Hell stock price shot up 30% when he made those comments 2 days ago. So even Wall Street anslysts know Pfizer has too much excess overhead expense in employees payroll & benefits(2 largest expenses in any corp)

It is truth & is what it is.
So get your head out of the blue sand and clean up your ears & brain.

 

[anonymous]

Its ok to be a pfizer blue homer but you have to be absolutely STUPID beyond the realms of possibility to not pick up on what King Spaniard said GF! Said NO COVID RELAYED CUTS REDUCTIONS, FURROW , PAY CUTS.....
Repeat remedial self, COVID RELATED, that is key word. All other forums and outlets he talked about "cut losses", "cutting expenses", "costs reductions" "decreasing overheaf" "finding ways to do more w less"

So he will not layoff due to reps staying at home during COVID, but any other reason like drug price controls, reduced profit margins, money for R&D, buy outs, loss of revenue then there will be loss of jobs & layoffs.

A CEO of a FORTUNE 100 does not publicly mention cutting jobs in the US without any truth. Hell stock price shot up 30% when he made those comments 2 days ago. So even Wall Street anslysts know Pfizer has too much excess overhead expense in employees payroll & benefits(2 largest expenses in any corp)

It is truth & is what it is.
So get your head out of the blue sand and clean up your ears & brain.

BINGO
If you did not unbiasly or intelligently listen to the words he used during job cuts comments then you are as bright as a burnt our light bulb.
Very calculated & smooth to craft his wording around "COVID RELATED" ... he was prepped & prepared for that question thus delivered a calculated crafted answer just around COVID-- so no job losses or reductions while during Covid stay at home shut down. Once green light to go back to normal, the COVID RELATED element is off the table.

 

[anonymous]

Its ok to be a pfizer blue homer but you have to be absolutely STUPID beyond the realms of possibility to not pick up on what King Spaniard said GF! Said NO COVID RELAYED CUTS REDUCTIONS, FURROW , PAY CUTS.....
Repeat remedial self, COVID RELATED, that is key word. All other forums and outlets he talked about "cut losses", "cutting expenses", "costs reductions" "decreasing overheaf" "finding ways to do more w less"

So he will not layoff due to reps staying at home during COVID, but any other reason like drug price controls, reduced profit margins, money for R&D, buy outs, loss of revenue then there will be loss of jobs & layoffs.

A CEO of a FORTUNE 100 does not publicly mention cutting jobs in the US without any truth. Hell stock price shot up 30% when he made those comments 2 days ago. So even Wall Street anslysts know Pfizer has too much excess overhead expense in employees payroll & benefits(2 largest expenses in any corp)

It is truth & is what it is.
So get your head out of the blue sand and clean up your ears & brain.

So, back at the first of the year ( before COVID) the severance package was reduced. Didn't anyone take that as a hint of RIF to come in 2020?

 

[anonymous]

Its ok to be a pfizer blue homer but you have to be absolutely STUPID beyond the realms of possibility to not pick up on what King Spaniard said GF! Said NO COVID RELAYED CUTS REDUCTIONS, FURROW , PAY CUTS.....
Repeat remedial self, COVID RELATED, that is key word. All other forums and outlets he talked about "cut losses", "cutting expenses", "costs reductions" "decreasing overheaf" "finding ways to do more w less"

So he will not layoff due to reps staying at home during COVID, but any other reason like drug price controls, reduced profit margins, money for R&D, buy outs, loss of revenue then there will be loss of jobs & layoffs.

A CEO of a FORTUNE 100 does not publicly mention cutting jobs in the US without any truth. Hell stock price shot up 30% when he made those comments 2 days ago. So even Wall Street anslysts know Pfizer has too much excess overhead expense in employees payroll & benefits(2 largest expenses in any corp)

It is truth & is what it is.
So get your head out of the blue sand and clean up your ears & brain.

Well I’m shitting blue while getting my paycheck and benefits and drinking my blue coffee every morning and watching the birds fly

 

[anonymous]

Well I’m shitting blue while getting my paycheck and benefits and drinking my blue coffee every morning and watching the birds fly

And your poor as shitt

 

[anonymous]

And your poor as shitt

Nope, because my man is a millionaire

 

[anonymous]

Pharma has been subsidizing the world with drugs for decades. Time to end it, and when price controls are instituted, the gravy train is over.
Pharma will simply raise prices to foreign countries to make up the difference and the gravy train will be rumbling down the tracks again.
It would be ludicrous to allow US consumers to be able to buy US drugs from Canada, that we sold them at significantly less than the US price to consumers.

Pharma isn’t subsidizing. Americans are through higher prices.

It isn’t simple to raise prices on foreign countries though. China will steal the formulas to make their own knockoffs. The EU is a large market which will be tough to negotiate against. The citizenry of many countries will rise up against the industry, not their governments. Governments will sue the industry. Governments will revert to generics everywhere possible. Every move and counter move has potential for significant downsides.

Like it or not, stability, even when it’s not fair or equitable, is more profitable than chaos. Unless you’re a crime syndicate in which chaos is lovely. Look out for prescription meds to flow out from Nigeria.

 

[anonymous]

Q2 IS DQ

 

[anonymous]

Q2 IS DQ

 

[anonymous]

Dairy Queen?

 

[anonymous]

Open your eyes & ears Blue boozer.
Albert so no "COVID related reductions!"
That is different from job cuts due to over capacity, too many reps, poor sales or Drug Price Controls!
He is smart with is words and focused answer around COVID RELATED....
You all need to really wise up & look at what was really said.

Goya is hiring!

 

[anonymous]

It will be strong and fast
Q1

 

[anonymous]

It will be strong and fast
Q1

those of us with more hard earned time and performance should make it. People like that weight challenged, back stabbing person in this run down, shit ass city should go first. They've proven nothing.

Last IN / First OUT. You've only proven your an untrustworthy, sociopath B.

 

[anonymous]

Sales is safe.

Nobody wants to disarm themselves while things are at a standstill. Everything is on pause during this pandemic but the return to full operations will be the time to capitalize.

If you’re not in sales then it’s business as usual which includes cuts here and there.

That’s just life unless you have a guaranteed lifetime employment contract with the company.

 

[anonymous]

Those people that went to Vaccines dont have to worry!!!!!

 

[anonymous]

Haha! Why would you need a vaccine sales force? Pretty sure the doctors will be calling pfizer for it. No need for a sales force

 

[anonymous]

Sales is safe.

Nobody wants to disarm themselves while things are at a standstill. Everything is on pause during this pandemic but the return to full operations will be the time to capitalize.

If you’re not in sales then it’s business as usual which includes cuts here and there.

That’s just life unless you have a guaranteed lifetime employment contract with the company.

Sales? Hahahahaha! Far from it.
Pharma has been looking for the knock-out punch for so many reps, and Covid has provided that haymaker.
Pharma reps will see a 40-50% reduction across the board. Companies are just waiting to see who will be the first to pull the trigger.

 

[anonymous]

Pharma isn’t subsidizing. Americans are through higher prices.

It isn’t simple to raise prices on foreign countries though. China will steal the formulas to make their own knockoffs. The EU is a large market which will be tough to negotiate against. The citizenry of many countries will rise up against the industry, not their governments. Governments will sue the industry. Governments will revert to generics everywhere possible. Every move and counter move has potential for significant downsides.

Like it or not, stability, even when it’s not fair or equitable, is more profitable than chaos. Unless you’re a crime syndicate in which chaos is lovely. Look out for prescription meds to flow out from Nigeria.

We’ll see soon enough.