Layoffs are coming in 2 weeks. Nobody seems to realize?

[anonymous]

For the last time Pfizer doesn’t “give” you a salary and they don’t “give” you a “free car”. You work for them and EARN those things. This isn’t altruism it’s economics

Ditto!

 

[anonymous]

More news to be delivered at RM/DM meeting next week.

 

[anonymous]

More news to be delivered at RM/DM meeting next week.

Nope

 

[anonymous]

My manager just let us know it will be a 6.5% lay off for cluster one.

 

[anonymous]

My manager just let us know it will be a 6.5% lay off for cluster one.

If this number is correct then the layoff will be insignificant. Basically for every 400 reps a total of 26 will be let go. There's probably this many open territories that already need to be filled so even less will have to let go when you take that into consideration. Also if any kind of early retirement package is offered, quite a few will jump at that opportunity so even less to lay off. However, this could just be a manager's guesstimate regarding a lay off % & it could turn out to be some higher, who knows?

 

[anonymous]

DId your manager give details? Selection criteria etc?

 

[anonymous]

If this number is correct then the layoff will be insignificant. Basically for every 400 reps a total of 26 will be let go. There's probably this many open territories that already need to be filled so even less will have to let go when you take that into consideration. Also if any kind of early retirement package is offered, quite a few will jump at that opportunity so even less to lay off. However, this could just be a manager's guesstimate regarding a lay off % & it could turn out to be some higher, who knows?

As to the early retirement package, that was already offered and very few took it. Probably because there was no parachute incentive like a reduced severance package. Most decided to wait and see what happens.

 

[anonymous]

Was just told about 150 positions (not limited to reps) will be eliminated. Will know size and scope in either Feb or Mar.

 

[anonymous]

I don’t think it will be any major cuts to cluster 2

 

[anonymous]

Cluster one for sure. Cluster 2 has a good bag.

 

[anonymous]

Cluster one for sure. Cluster 2 has a good bag.

Big rumor is we’ll get Vascepa. So cuts would be minimum. Vascepa and Cologuard...now that’s a powerful bag with job stability.

 

[anonymous]

It’s going to be 150 layoffs

 

[anonymous]

Cluster 2,agree no major eliminations

 

[anonymous]

Any word on criteria for cuts?

 

[anonymous]

Take the package. There is life and opportunity after Pfizer.

 

[anonymous]

Yes please! First it was $600 itch cream competing with $4 generic,Next will be $200 fish oil. Seriously?

 

[anonymous]

Big rumor is we’ll get Vascepa. So cuts would be minimum. Vascepa and Cologuard...now that’s a powerful bag with job stability.

Yeah, blockbusters.Hahahahahahaha!

 

[anonymous]

Take the package. There is life and opportunity after Pfizer.

Definitely true.

 

[anonymous]

Yes please! First it was $600 itch cream competing with $4 generic,Next will be $200 fish oil. Seriously?

There’s a copay card. You can get 90 days for $9

 

[anonymous]

Heard was ISthat was going to be effected in next few weeks.