Anonymous
Guest
Anonymous
Guest
I was able to get the details on the April reorg. According a real reliable source, my abm who is on the fast track for Marti's job eventually, it is looking like this:
55 and over: 2 years severance depending on your years of employment with the company. If your over 55 and 10 years in you get the 2.
50-55: A year's severance along with some bonuses thrown in for length of service.
Under 50: If your close like 49, exceptions will be made. If not, then you better get yourself in gear and be ready to work almost around the clock. Airwatch on the iPad. Managers doing week- long field rides. Calls to your customers to see how effective you are.
This is going to be a great time for some people and a bad year along with some really miserable years to come. If your smart like me you'll hold on to the 50 mark and take the money and run. I know one rep in the first category with 750k in the J & J 401k alone, 200k in company stock, about 80 thou in options and a pension. We should all be so lucky. Or smart.
If you are over 50 I advocate construing an exit strategy. Start interviewing now so you can double dip. Don't bother working because they're scared to death of firing anybody over 50 because of lawsuits. I know one rep who told his RBD to go F himself and the RBD did nothing. The rep said they guy was so intimidated that he was almost crying.
55 and over: 2 years severance depending on your years of employment with the company. If your over 55 and 10 years in you get the 2.
50-55: A year's severance along with some bonuses thrown in for length of service.
Under 50: If your close like 49, exceptions will be made. If not, then you better get yourself in gear and be ready to work almost around the clock. Airwatch on the iPad. Managers doing week- long field rides. Calls to your customers to see how effective you are.
This is going to be a great time for some people and a bad year along with some really miserable years to come. If your smart like me you'll hold on to the 50 mark and take the money and run. I know one rep in the first category with 750k in the J & J 401k alone, 200k in company stock, about 80 thou in options and a pension. We should all be so lucky. Or smart.
If you are over 50 I advocate construing an exit strategy. Start interviewing now so you can double dip. Don't bother working because they're scared to death of firing anybody over 50 because of lawsuits. I know one rep who told his RBD to go F himself and the RBD did nothing. The rep said they guy was so intimidated that he was almost crying.