More cuts coming

[anonymous]

When Paul H took over as CEO in2019, Sanofi had 106000 employees globally; his remit was to cut that to 90000 by end of 2023.

He still has 2800 more cuts to make, so next 15-16 months will be brutal

3-year STRAP is being adjusted down to match global economy slowing down - 2023 is shaping up to be a tough year for revenue growth for Sanofi - Paul is shuffling executives around to right the ship, but that is somewhat like rearranging deck chairs on the Titanic; with Aretha Franklin's "I will survive" playing on the PA system LoL!

 

[anonymous]

3-year STRAP is being adjusted down to match global economy slowing down - 2023 is shaping up to be a tough year for revenue growth for Sanofi - Paul is shuffling executives around to right the ship, but that is somewhat like rearranging deck chairs on the Titanic; with Aretha Franklin's "I will survive" playing on the PA system LoL!

This has been the trend since 2010 after the first layoff with the Lovenox team. It's been status quo ever since with layoffs every year.

 

[anonymous]

It's been the trend since 2001. After the merger with Aventis the Christmas layoff tradition has gone on every yesr.

 

[anonymous]

It's been the trend since 2001. After the merger with Aventis the Christmas layoff tradition has gone on every yesr.

time to get ready for the strap on. Take it babies

 

[anonymous]

time to get ready for the strap on. Take it babies

My Manager double-dips and has a real estate agency so he will be fine.