Funny thing is - Bill actually talked about changes that hinted at expansion in CVR.
Ok. That is utterly delusional. Absolutely delusional.
Let's hope that was put up here by a manager who is trying to urge the team to run all the way to the finish line. That is the only plausible scenario that makes sense. Otherwise, if someone listened to Bill's Zoom call on Friday and came away with the conclusion that Bill was talking about expansion...then that person was high as a kite by 10am on Friday morning OR has the worse listening skills of anyone I have ever worked with in pharmaceuticals (or anywhere else).
Bill, in no way whatsoever, hinted at expansion. Read that as many times as you need to in order to understand it.
We received TWO emails the previous week telling us that there would be reductions in headcount. One of these emails came from the head of US Pharmaceuticals (hint: he is talking about us!)
Then, we had a Ask Anything call last week with the head of US pharmaceuticals in which he laid out the plan for these reductions telling us that there would not be one all encompassing announcement...but "changes" would be announced during these seperate 90 day cycles until the end of 2024, when Bayer US pharma would be "fully operational in the DSO model" - in other words, all of the layoffs will take place between now and the end of next year.
And if that were not enough...we had a CVR Ask Anything call on Friday with Bill. And during this call, Bill said, "will the be reductions? Absolutely. But there will also be alot of opportunity"
Ok. I know you would like there to be a pony at the bottom of this pile of horseshit, but there is no pony, I am sorry to say. Bill very clearly meant that there would be opportunity for whoever was left standing...opportunity in this smaller, leader DSO modeled Bayer CVR that will carry both Kerendia and Adempas to hospitals and specialists. That is what Bill was saying - NOT that there would be expansion in CVR. What he said was "will there be reductions? Absolutely"
That means...there will absolutely be reductions in the Kerendia team.
And as a further hint, let me warn you - they will be massive, they will be extensive. We all should start wrapping our heads around that immediately. From Sebastian's email and from his Ask Anything...it is clear that an announcement could be made this week...or it could be made in August 2024, who knows. But what is certain is that there will be reductions, it will impact the CVR field salesforce, and there is every reason in the world to believe that they will be extensive.
