Layoffs 2014
- Thread starter Anonymous
- Start date
-
- Tags
- None
Well, if your job does not entail procuring Twinkies for you know who, your position is in danger this year.
All the twinkies were eaten by B+L Corporate a long time ago.
next round of lay-off's focussed on WF plant manufacturing directs.
Big clearance end of Q1. Beware if you are summonsed to attend meeting in New Jersey. R & F allocated to deal with the formalities away from HQ. 1213 Route 22
Where is the announcement affecting? US, Europe or Asia
Why wait. Since you know, go ahead and announce it.
Are you announcing a clearance sale at the furniture store nearby? Wut?
Valeant - The top 10 largest pharma layoffs in 2013
Layoffs at Valeant Pharmaceuticals ($VRX) have not been about financial hurdles to be overcome but rather steps on the stairway of business growth. CEO J. Michael Pearson has his sights set on creating a company with $20 billion in annual revenues and has been doing one buyout after another to achieve that. With each one, cutting staff is part of the strategy for paying for the acquisition.
So when Valeant paid $8.7 billion last year to add Bausch + Lomb to the corporate family, Pearson said he expected to squeeze $800 million in costs out of the combined endeavor. To help reach that sizable number, Valeant said it would cut 10% to 15% of the overall workforce, or up to 2,700 jobs from the combined workforce of about 18,000.
It's just how the Valeant process works best. In 2012, it cut more than 300 jobs to save $225 million after its $2.6 billion buyout of dermatology specialist Medicis. In 2010, it shed 1,100 jobs to save $320 million after its merger with Canadian drugmaker Biovail. You get the picture.
Layoffs at Valeant Pharmaceuticals ($VRX) have not been about financial hurdles to be overcome but rather steps on the stairway of business growth. CEO J. Michael Pearson has his sights set on creating a company with $20 billion in annual revenues and has been doing one buyout after another to achieve that. With each one, cutting staff is part of the strategy for paying for the acquisition.
So when Valeant paid $8.7 billion last year to add Bausch + Lomb to the corporate family, Pearson said he expected to squeeze $800 million in costs out of the combined endeavor. To help reach that sizable number, Valeant said it would cut 10% to 15% of the overall workforce, or up to 2,700 jobs from the combined workforce of about 18,000.
It's just how the Valeant process works best. In 2012, it cut more than 300 jobs to save $225 million after its $2.6 billion buyout of dermatology specialist Medicis. In 2010, it shed 1,100 jobs to save $320 million after its merger with Canadian drugmaker Biovail. You get the picture.
Oh, it's YOU AGAIN. GEEZ, GET A LIFE! Is this all you do every day-post info on how evil Valeant is?
Find something constructive to do with your life instead of trying to instill fear in everyone. That is terrorism!
It is not working!
Blah-blah-blah
Looks like factual information to me. If their numbers are incorrect then provide the real numbers. Why are you trying to instill a false sense of security in everyone. That is zealotism!
You know what has happened in the history of cults. When everyone thinks the same way by using corporate rusing hiring practices, pretexting, and comparing threads to pinpoint GPS locations of the unbelievers you lose credibility as you are not using argumentative logic to convince others to follow you but bully tactics due to your weak unsubstantiated positions.
Blah-blah-blah is as good as- Ì know you are but what am I.
I agree with the other poster-give it a rest. You have been on every B & L thread with your gloom and bleak. And on every thread you get the same responses. Looks like you would get tired of your mission to get back at the company who laid you off. Life goes on. Wirh your attitude can't blame them for letting you go.
These "give it a rest" don't say anything bad about B+L/Valeant or talk about possible layoffs/cutbacks- new acquisitions are getting kind of old too.
Anyone who has been laid off or currently works in or for B+L/management should set up their own sites and stop trying to influence the discussion boards on pharma cafe.