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anonymous said:
That’s exactly what you said last year and the cuts were deeper than anyone expected.
If not TR and CNS, where do you think the cuts will come from then? Women’s health? Gone.
CNS MUCH LESS THAN TR
To put TR in the same sentence as CNS is a complete joke. CNS has a MULTI BILLION MIGRAINE DRUG COMING OUT AND WILL NEED REPS TO COMPETE WITH AMGENS LAUNCH OF THEIR DRUG
TR HAVE ANY MULTI BILLION DRUGS COMING OUT?
Don’t believe me......just read this.....

workforce
Teva R&D chief out as new CEO picks up the ax and aims at deep cuts to rescue a faltering biopharma — report
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TrueDat Homie
 


















anonymous said:
That’s exactly what you said last year and the cuts were deeper than anyone expected.
If not TR and CNS, where do you think the cuts will come from then? Women’s health? Gone.
CNS MUCH LESS THAN TR
To put TR in the same sentence as CNS is a complete joke. CNS has a MULTI BILLION MIGRAINE DRUG COMING OUT AND WILL NEED REPS TO COMPETE WITH AMGENS LAUNCH OF THEIR DRUG
TR HAVE ANY MULTI BILLION DRUGS COMING OUT?
Don’t believe me......just read this.....

workforce
Teva R&D chief out as new CEO picks up the ax and aims at deep cuts to rescue a faltering biopharma — report
Click to expand...


good points
 






anonymous said:
If I don't get cut, I will stay. The entire industry is very volatile and job security does not exist. Any company has the potential for layoffs every year. Leaving does not give you security. If that is what you are looking for, you are in the wrong industry.
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You are a very unwise individual if you plan on staying on here. I feel bad for your family if you are the bread winner.
Teva is going down just a matter of time. Go ahead and stick around and let me know how that works out for you.
To compare the state Teva is in now with the whole industry is a joke! No other pharma company is close to being in the state that Teva finds itself in.

Teva is planning to cut about 10,000 employees in both the U.S. and Israel. That is a massive amount of people to be laying off. When you think about it in more detail, these layoffs will do nothing but hurt the company even more at a time when it is already fragile. Sure, cutting that many employees will greatly reduce operating expenses associated with the company. The problem is that cutting that many employees means a smaller sales force to push the current products for improved sales. In my opinion, it is counterproductive to eliminate that many employees. What I also don't like about this is that Teva won't just cut low level employees. They are planning to cut top level executives as well. According to a financial news website Calcalist, Teva plans to even remove its Chief Scientific Officer and President of Research and Development Michael Hayden. In my opinion, cutting the Chief Scientific Officer at a time like this is like the company wants to shoot itself in the foot. The reason why I believe that is because Teva's problem is not the employees or the executives that it employs. The problem with Teva is its business model. It needs to steer away from being a generics driven company, and head back to R&D development of new drug compounds. What I mean by that is developing new drug compounds like Copaxone way back when. In other words, develop non-generic drugs like all the other big pharma companies do such as Merck (MRK), Pfizer (PFE), Eli Lilly (LLY), GlaxoSmithKline (GSK), Novartis (NVS) and several others. All these big pharma companies do have some generic drugs, but they don't rely on them as their primary form of business. They focus on R&D of new drug compounds that are non-generic. That's what Teva needs to do to become successful. This move of laying off employees and cost cutting is only delaying the inevitable in my opinion.
 






anonymous said:
You are a very unwise individual if you plan on staying on here. I feel bad for your family if you are the bread winner.
Teva is going down just a matter of time. Go ahead and stick around and let me know how that works out for you.
To compare the state Teva is in now with the whole industry is a joke! No other pharma company is close to being in the state that Teva finds itself in.

Teva is planning to cut about 10,000 employees in both the U.S. and Israel. That is a massive amount of people to be laying off. When you think about it in more detail, these layoffs will do nothing but hurt the company even more at a time when it is already fragile. Sure, cutting that many employees will greatly reduce operating expenses associated with the company. The problem is that cutting that many employees means a smaller sales force to push the current products for improved sales. In my opinion, it is counterproductive to eliminate that many employees. What I also don't like about this is that Teva won't just cut low level employees. They are planning to cut top level executives as well. According to a financial news website Calcalist, Teva plans to even remove its Chief Scientific Officer and President of Research and Development Michael Hayden. In my opinion, cutting the Chief Scientific Officer at a time like this is like the company wants to shoot itself in the foot. The reason why I believe that is because Teva's problem is not the employees or the executives that it employs. The problem with Teva is its business model. It needs to steer away from being a generics driven company, and head back to R&D development of new drug compounds. What I mean by that is developing new drug compounds like Copaxone way back when. In other words, develop non-generic drugs like all the other big pharma companies do such as Merck (MRK), Pfizer (PFE), Eli Lilly (LLY), GlaxoSmithKline (GSK), Novartis (NVS) and several others. All these big pharma companies do have some generic drugs, but they don't rely on them as their primary form of business. They focus on R&D of new drug compounds that are non-generic. That's what Teva needs to do to become successful. This move of laying off employees and cost cutting is only delaying the inevitable in my opinion.
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This is a clueless post. Teva is the biggest generic company on the globe. They have no intention of moving away from generics and toward brands. How long have you worked here?
 


















anonymous said:
This is a clueless post. Teva is the biggest generic company on the globe. They have no intention of moving away from generics and toward brands. How long have you worked here?
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Read the article again dummy. It isn’t saying they should go away from generics. It’s simply pointing out that BECAUSE they are a genetics company this makes their plight even more difficult and this is the reason why the stock will be short (shorting a stock means betting it will continue to go down. Is that plain enough for you dummy?)
The article is simply explaining that the layoffs will not solve its problem.
You must work in the West because you really are ignorant.
 
























anonymous said:
If you know this then tell us when!?!
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Before the end of the year. It's not that difficult, read the articles out there. The CEO isn't messing around. One article said letters to go out in next two weeks.

YOU HAVE HAD SINCE FEB TO PREPARE FOR THIS! INSTEAD YOU BELIEVED MANAGEMENT AND KEPT YOUR HEAD IN THE SAND!

YOU ONLY HAVE YOURSELF TO BLAME!

SORRY BUT TRUE.
 






Majority of those who were not laid off back in Feb thought you were so much better than those of us who did get laid off. Well guess what? Those laid off back then are now in much better positions than you all.

Enjoy your Holidays!!
 






anonymous said:
Majority of those who were not laid off back in Feb thought you were so much better than those of us who did get laid off. Well guess what? Those laid off back then are now in much better positions than you all.

Enjoy your Holidays!!
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I really hope that isn't true. I never feel superior to anyone laid off. Layoffs can happen to anyone at any level with any amount of good sales years. Teva mostly goes by geography for their layoffs, so it's a roll of the dice. Maybe you just felt people were looking down on you. Any true grown adult shouldn't ever feel that way, in this industry especially.
 






anonymous said:
Majority of those who were not laid off back in Feb thought you were so much better than those of us who did get laid off. Well guess what? Those laid off back then are now in much better positions than you all.

Enjoy your Holidays!!
Click to expand...

Agree, we are in a better position and are lucky things panned out the way they did in February.
 












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