Huge Layoffs Coming in October 2024

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anonymous said:
Agree. It’s definitely not the same company. The CVM business change will continue to have an impact on those that stay. All on edge for the next wave and government pressures. It will create an overly competitive environment that will be quite unpleasant
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How, if the CVM business is being completely shut down, will it continue to have an impact on those who remain in the other therapeutic areas? As for your comment on competitiveness, do you mean internally or externally competitive?
 






anonymous said:
How, if the CVM business is being completely shut down, will it continue to have an impact on those who remain in the other therapeutic areas? As for your comment on competitiveness, do you mean internally or externally competitive?
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For one thing it’s gonna be extremely competitive to position yourself to take over one of the displaced sales rep shill-sales wagon chariots! Heads-up and be aware there are some fine Volvo XC 90’s in the inventory that will soon be sitting rotting away in the New Brunswick parking lot over at 410 waiting for new home.
 






















































anonymous said:
Just remember that in each area it must be balanced by age and level for legal reasons and each VP is given a dollar target. They then start identifying specific individuals (or groups of individuals) who they feel they can survive without. After identifying these people with HR and IT they must then identify another (innocent) person who offsets the target on age and level. For instance as a rough example if a 55 year old PG40 is targeted then a 25 year old PG24 will need to be also identified for age & level balance. In my CVM severance letter it lists the ages and titles of everyone in my group laid off without names. They want everyone targeted off the books by 12/31 latest so they may start the next year and quarter without the laid off people in the budget. I was given until 12/27 but it looks like some on here will be employed only four more weeks before their official last day of employment and severance begins.

How do they pick the targets, well that part is very subjective unless entire departments or groups are let go. They do have access to your laptop activity data from IT. Also when you sign your severance letter to receive more than four weeks severance pay, you also sign away your right to sue the company. That’s all I know based on my CVM situation.
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The determine by the nine box talent matrix probably, it’s the corporate textbook go to for people selection.
 












Does anyone know if the layoffs in the US are continuing all month? Many of my US colleagues on my team were informed last week and this week several global colleagues were impacted by layoffs. Their last day is Dec 27. Will they continue to piece meal layoffs all month or is the strategy to do it all at once? The morale on the team is terrible and everyone is so anxious. Obviously, I know there’s no guarantee and you can get layed off anytime for business decisions but any insight appreciated.
 






anonymous said:
Does anyone know if the layoffs in the US are continuing all month? Many of my US colleagues on my team were informed last week and this week several global colleagues were impacted by layoffs. Their last day is Dec 27. Will they continue to piece meal layoffs all month or is the strategy to do it all at once? The morale on the team is terrible and everyone is so anxious. Obviously, I know there’s no guarantee and you can get layed off anytime for business decisions but any insight appreciated.
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Seriously expect more layoffs through October 25. Not likely to continue past that for 2024 but there’s always Q1 2025. They try not to lay people off in Nov/Dec due to the holidays and financial planning and reputation. If you can make it to October 25 you should be good. Take 2.5 weeks off now and hide.
 






anonymous said:
Seriously expect more layoffs through October 25. Not likely to continue past that for 2024 but there’s always Q1 2025. They try not to lay people off in Nov/Dec due to the holidays and financial planning and reputation. If you can make it to October 25 you should be good. Take 2.5 weeks off now and hide.
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Different regions had different dates. This is wave 1 which has to be completed by End of October to ensure 2025 budget is set. Wave 2 will start Late Q2 post KenVue TSA exit, when there will be no funding for the shared services supporting KenVue
 


















anonymous said:
Seriously expect more layoffs through October 25. Not likely to continue past that for 2024 but there’s always Q1 2025. They try not to lay people off in Nov/Dec due to the holidays and financial planning and reputation. If you can make it to October 25 you should be good. Take 2.5 weeks off now and hide.
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You can hide? lol
 


















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