Huge Layoffs Coming in October 2024

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anonymous said:
Not anymore, J&J is now a Democrat company.
x.com
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But the question is “why”

The Democrats want to punish big companies such as big Pharma by tripling their corporate taxes. Why would J&J support and give money to do that? J&J gave $70,000 to DJT and J&J gave $160,000 to KH so I believe you but how does that make sense for J&J? I just cannot see it. Is being woke more important than profitability? Really?
 






anonymous said:
But the question is “why”

The Democrats want to punish big companies such as big Pharma by tripling their corporate taxes. Why would J&J support and give money to do that? J&J gave $70,000 to DJT and J&J gave $160,000 to KH so I believe you but how does that make sense for J&J? I just cannot see it. Is being woke more important than profitability? Really?
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ESG?
 






anonymous said:
ESG?
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ESG, good answer. Blackrock pushed ESG for years. With $9 trillion in investments, they can impact governance and policy at major corporations like JNJ. Between Blackrock and Vanguard, they control 18% of the shares alone. Blackrock can weigh heavily on corporate leaders. In 2021, JNJ faced racial justice audits Johnson & Johnson faces another ballot battle on racial justice audit. Furthermore, Blackrock has an audit for each investment in regards to ESG https://www.blackrock.com/corporate...ote-bulletin-johnson-and-johnson-apr-2021.pdf. As an employee, you saw a lot of DEI movements in 2021/2022 with leaders essentially having their ratings tied to promoting individuals for ESG/DEI scoring purposes. Townhalls and team meetings would provide such updates with Powerpoint images of their changes with numeric values shown. Additionally, there were several internal learnings that became required or highly suggested around inclusivity and "you have an inherent bias" training. It seems it was all to placate Blackrock and the ESG audits. One can see how this ESG/DEI push manifested itself into the leadership culture with the recent lawsuit Lauren Moore vs Vanessa Broadhurst https://www.thesandersfirmpc.com/wp.../Lauren-F.-Moore-v.-Johnson-Johnson-et-al.pdf. Fast forward to 2024, Blackrock was hit with a cease and desist order from the state of Mississippi over their fraudulent claims over outperformance of ESG governed corporations. https://www.sos.ms.gov/content/enfo...EnforcementActions/BlackRock Inc., et al..pdf Read footnote #2!
The ESG push has certainly waned over the last several months, as it was based on false investment narratives. Unfortunately, there were likely a lot of individuals impacted directly or indirectly (overlooked for promotions, departures, variety of learnings that pushed the narrative, etc.)
 






To the prior posts, yes more layoffs are coming in Q1. Not as many but unfortunately this will continue into 2025. 2025 budgets have already been cut compared to 2024. The roller coaster continues. The executives will continue doing their thing but to a slightly less degree just to check the box. Their spending and inefficiency will not stop. Go ahead and get your XC-90 chariots now.
 






anonymous said:
How many in china do you think few hundred?
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Just hope they cut the right people in China. The J&J leaders in China, basically lied, when they submitted forecasts for growth in the years ahead. J&J believed those lies and continued to build capacity.. and now idle factories in China ... all those little emperors' and empresses in China.. just actors playing as delusional leaders.... which is probably the same, delusional, for 95% of the idiots sitting in New Brunswick fancy offices, come to think of it
 






anonymous said:
Just hope they cut the right people in China. The J&J leaders in China, basically lied, when they submitted forecasts for growth in the years ahead. J&J believed those lies and continued to build capacity.. and now idle factories in China ... all those little emperors' and empresses in China.. just actors playing as delusional leaders.... which is probably the same, delusional, for 95% of the idiots sitting in New Brunswick fancy offices, come to think of it
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Isn't this part of the culture? The government over estimated growth numbers because it turned out every time the numbers went to the next highest boss, they were increased to look better to guaranteed bonuses/raises. Now this carried into the private businesses.
 






anonymous said:
But the question is “why”

The Democrats want to punish big companies such as big Pharma by tripling their corporate taxes. Why would J&J support and give money to do that? J&J gave $70,000 to DJT and J&J gave $160,000 to KH so I believe you but how does that make sense for J&J? I just cannot see it. Is being woke more important than profitability? Really?
Click to expand...
Blackrock seems to think that ESG is more important than profitability. Blackrock, Vanguard, & State Street own nearly a quarter of all JNJ shares. Blackrock, Vanguard & State Street are the largest shareholders of each other, so effectively these 3 stooges are led by Blackrock. JNJ has scheduled meetings several times a year with their top shareholders where the 3 stooges led by Blackrock dictate to JNJ how to run the company. Larry Fink runs Blackrock, and he is a registered Democrat. Larry Fink's college degree was in political science, so he effectively tells corporations to start operating like the Democratic party. As for the corporate taxes, there are always loopholes left open for these corporations to exploit.
 






anonymous said:
But the question is “why”

The Democrats want to punish big companies such as big Pharma by tripling their corporate taxes. Why would J&J support and give money to do that? J&J gave $70,000 to DJT and J&J gave $160,000 to KH so I believe you but how does that make sense for J&J? I just cannot see it. Is being woke more important than profitability? Really?
Click to expand...
JNJ executive compensation is voted on by the shareholders at the annual meeting. The largest shareholder is Blackrock. Therefore JNJ executive management does whatever Blackrock tells them to do. The most important thing is the profitability of the JNJ executive management compensation package.
 






anonymous said:
ESG, good answer. Blackrock pushed ESG for years. With $9 trillion in investments, they can impact governance and policy at major corporations like JNJ. Between Blackrock and Vanguard, they control 18% of the shares alone. Blackrock can weigh heavily on corporate leaders. In 2021, JNJ faced racial justice audits Johnson & Johnson faces another ballot battle on racial justice audit. Furthermore, Blackrock has an audit for each investment in regards to ESG https://www.blackrock.com/corporate...ote-bulletin-johnson-and-johnson-apr-2021.pdf. As an employee, you saw a lot of DEI movements in 2021/2022 with leaders essentially having their ratings tied to promoting individuals for ESG/DEI scoring purposes. Townhalls and team meetings would provide such updates with Powerpoint images of their changes with numeric values shown. Additionally, there were several internal learnings that became required or highly suggested around inclusivity and "you have an inherent bias" training. It seems it was all to placate Blackrock and the ESG audits. One can see how this ESG/DEI push manifested itself into the leadership culture with the recent lawsuit Lauren Moore vs Vanessa Broadhurst https://www.thesandersfirmpc.com/wp.../Lauren-F.-Moore-v.-Johnson-Johnson-et-al.pdf. Fast forward to 2024, Blackrock was hit with a cease and desist order from the state of Mississippi over their fraudulent claims over outperformance of ESG governed corporations. https://www.sos.ms.gov/content/enforcementactionssearch/EnforcementActions/BlackRock Inc., et al..pdf Read footnote #2!
The ESG push has certainly waned over the last several months, as it was based on false investment narratives. Unfortunately, there were likely a lot of individuals impacted directly or indirectly (overlooked for promotions, departures, variety of learnings that pushed the narrative, etc.)
Click to expand...
There’s a shift likely due to lawsuits similar to Harvard. A shift from DEI centers of excellence to embedding within the business. Sneaky
 






anonymous said:
But the question is “why”

The Democrats want to punish big companies such as big Pharma by tripling their corporate taxes. Why would J&J support and give money to do that? J&J gave $70,000 to DJT and J&J gave $160,000 to KH so I believe you but how does that make sense for J&J? I just cannot see it. Is being woke more important than profitability? Really?
Click to expand...
Yes. Being woke is more important than anything. More important than profit, more important than the "Credo", more important than treating people fairly. If KH wins, they will all be forced to wake up and hopefully shareholders and voters will also wake up and drive them all out.
 






anonymous said:
Yes. Being woke is more important than anything. More important than profit, more important than the "Credo", more important than treating people fairly. If KH wins, they will all be forced to wake up and hopefully shareholders and voters will also wake up and drive them all out.
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It will get worse if she wins. Say goodbye to US pharma companies
 
















































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