anonymous
Guest
anonymous
Guest
Ouch. Thats a lot people gone.
http://www.thestreet.com/story/1342...-jnj-stock-up-to-cut-medical-device-jobs.html
http://www.thestreet.com/story/1342...-jnj-stock-up-to-cut-medical-device-jobs.html
It's already started. SterilMed- Division of Ethicon Endo, layed off the entire field service division today. Almost 150 people let go...
Ouch. Thats a lot people gone.
http://www.thestreet.com/story/1342...-jnj-stock-up-to-cut-medical-device-jobs.html
Project Constitution.....part II. I hate to see this as many I know may be affected. The models of delivery are changing and whether you want to face reality or not, the rep-less model is coming. Hospitals are squeezing, the Suppliers are squeezing, and there are only so many dollars in the pie. Hospitals need price reductions, the supplier needs to maintain a positive cash flow, and FTE reduction is the fastest means to maintaining viability. The cuts won't be coming from R&D. This is not just a J&J thing either. The entire industry is the early stages of a dynamic delivery change.
Are the cuts happening in sales? marketing? techs? Any cuts going on at Cincy or NJ offices?
Are the cuts happening in sales? marketing? techs? Any cuts going on at Cincy or NJ offices?
Yes, I was cut. It appears 15%. Sucks.
Yes, I was cut. It appears 15%. Sucks.
It would make financial sense to move forward and close the Cincinnati office....it's become a ghost town over the past few years of downsizing. And, it would be a fast multimillion off the books!Number of people working in the Cincy office has been decreasing over the past few years, from about 1,000+ people to about 800+ now. There were rumors of closing the Cincy office at one point and moving all Ethicon to NJ, but not sure where this is at.
1week pay for every year of employment plus pension.....woohoo!