Don't cheat yourself- look at your 2020 W2

[anonymous]

I am wondering just how desperate folks are to stay here? After reviewing my earnings for last year, I realized that despite my measly 3.5% salary increase to become a glorified TAM (which means doing a lot more for less money), I realized that I am making significantly less income than I have in prior years. Yes, I have always been a good employee and a solid performer and my GPMs reflect that.

I don't see this picture getting any better for all of us. It is sad to say that I fell victim to staying here and believing that this could still be a great gig- but I was scammed.

If you don't realize this by now, we all went through a massive downsize in an effort to prepare for things like MFN and limits on price increases and as a result, we have all been asked to do more and for way LESS PAY.

This is why I am leaving Genentech. I had to say something before I leave and yes, I have many great friends that are still here that I love and respect but who just don't want to admit what our leadership is doing. All the best- this was a great gig for a long time and I am sad I didn't see the truth earlier and take the package from the get go but I have too much pride and self esteem to continue to be a part of this SCAM called CEOF.

See you all on the other side!

 

[anonymous]

1. Sorry to see you go and good luck.!!
2. Not a single person in this industry earned their paycheck this year. (Well if you consider drinking koolaid then maybe)
3. If you accepted this job for only 3.5% raise, shame on you for not having a back up in place.
4. Yes Genentech/Roche isn't changing fast enough and promises are not being kept.

 

[anonymous]

I think that the OP point here is that none of us will ever make the same money we have in the past EVER again. I have many years where I have approached 85-100K in bonus alone and we will never see this again. This too was a concern of mine when we were fed that these jobs are bigger roles and would pay more- complete BS. Other companies are paying much better so if you can sell, you are killing yourself by staying here. I am starting my new search today!

 

[anonymous]

MASS EXODUS FROM THE LPT TEAM THIS WEEK- JUST THE START AS ANYONE WHO IS NOT LOOKING IS AN ABSOLUTE MORON

 

[anonymous]

I'm happy because I did nothing for a whole year. Just watching tv.

 

[anonymous]

You mean it was your standard year activity-wise.

 

[anonymous]

This place will be gutted soon after seeing the low bonuses given this year. Say all you want, but many of us worked twice as hard during covid for a lot less and the writing on the wall is that it is going to get worse way before it gets better

 

[anonymous]

1. Sorry to see you go and good luck.!!
2. Not a single person in this industry earned their paycheck this year. (Well if you consider drinking koolaid then maybe)
3. If you accepted this job for only 3.5% raise, shame on you for not having a back up in place.
4. Yes Genentech/Roche isn't changing fast enough and promises are not being kept.

Now is the time to just take the raise and play the game.