Layoffs 100%

[anonymous]

AZ cut 500 CardRenal today. Is BI next?

Yes

 

[anonymous]

BI will announce their Cardio Renal and metabolic cuts the first or second week of December

 

[anonymous]

My $ is on the cuts will reflect the Medicare rebates. Goodluck to those who wish to stay or leave.

 

[anonymous]

STEM + hiring freeze + “attrition” = large restructure
Brace yourself!

 

[anonymous]

STEM + hiring freeze + “attrition” = large restructure
Brace yourself!

There is not a hiring freeze.

 

[anonymous]

There is not a hiring freeze.

Who has been hired?
Posted, but no hiring in CRM.

 

[anonymous]

My $ is on the cuts will reflect the Medicare rebates. Goodluck to those who wish to stay or leave.

IRA MFP negotiations are not having as big an impact on the company as 1st thought. And the new regime in DC may ease up a little. Aside from exposing our rebates.

Bigger issue is the Medicaid cap removal. That has huge impact on Spiriva and Jardiance. $100’s of millions. And there is no negotiating there.

 

[anonymous]

IRA MFP negotiations are not having as big an impact on the company as 1st thought. And the new regime in DC may ease up a little. Aside from exposing our rebates.

Bigger issue is the Medicaid cap removal. That has huge impact on Spiriva and Jardiance. $100’s of millions. And there is no negotiating there.

AZ must have had a reason to pull out.

 

[anonymous]

Beware the Ides of December

 

[anonymous]

Beware the Ides of December

Yep, CV Met is getting hit in December!

 

[anonymous]

AZ must have had a reason to pull out.

It’s the most foolproof method of birth control. Right up until you feel like you’re gonna nut….just ease off a little bit.

And think about baseball

 

[anonymous]

AZ must have had a reason to pull out.

yes, they had too many reps!

 

[anonymous]

yes, they had too many reps!

BI is just as overstaffed for Jardiance!

 

[anonymous]

BI is just as overstaffed for Jardiance!

You could trim the sales force by 1/3 (incl HS) and be closer to an appropriate headcount. BI doesn’t need all that overhead cost. As it is, the brand is barely making 20¢ on every $1 of Jardiance sales. With all the discounts and rebates, the G2N adjustments has to be at least 80% down.

 

[anonymous]

BI is just as overstaffed for Jardiance!

Not for much longer.

 

[anonymous]

Last week ALL of HR had a meeting and couldn't answer calls, is this a normal weekly meeting or was it in preparation? Leadership meeting is this week, so maybe we will know more soon.

 

[anonymous]

Layoffs are happening right now in Access and Reimbursement. It is headed for all aspects of sales. Anticipated products pushed to 2031, IRA, 800 milion dollar budgeting shortfall in 2024. There is no way around it for BI…it is going to be bigger than previous years. Get your resumes ready! It will impact everyone in the company.

 

[anonymous]

Last week ALL of HR had a meeting and couldn't answer calls, is this a normal weekly meeting or was it in preparation? Leadership meeting is this week, so maybe we will know more soon.

Last week includes prep meetings A - G. This week’s meeting is Preparation Meeting H. On the whole, it ain’t gonna feel so well.

 

[anonymous]

Even Danny Jones is getting displaced. What’s weird is who they’re replacing him with. Some new Italian guy. Tommy Cutler or something like that.

 

[anonymous]

The talent pool just got a little deeper. Better start looking pronto. As we get closer to year end, less opportunities. The rep who wins is looking now, has something lined up and will be able to double dip for much of their severance.

Pharma companies have been downsizing all year - Merck, Amgen, Pfizer…….the job market is already flooded with unemployed pharma reps