anonymous
Guest
anonymous
Guest
What happened to the February meeting...??
Signs of a Layoff: The Easy Ones
There are numerous signs that a layoff event is coming. Here are a few of monetary-based ones, which are pretty easy to spot from any place in the organization:
- Budgetary Cuts or Freezes: A company can stop hiring, cut nonessentials severely, freeze spending, put a hold on current projects, and many other things that can indicate that there just isn't that much money in the budget. This type of sign is a little more subtle because it could simply be a strategy change that has nothing to do with layoffs. However, it’s still important to look for.
- Stock Drop: The easiest way to tell a layoff might be coming is to watch your company’s earnings or stock. Many layoffs are triggered by financial crises so if there are rumors or legitimate proof that your company is having financial issues, you should take notice.
- Flagship Product Failure: If your company’s most successful product - the product that they make most of their profits on - takes a hit or suddenly falls out of a favor, it can lead to layoffs as the company pivots to other areas.
- Perks Start to Disappear: Free lunches and other activities start to vanish.
Thanks for the generic list and fear mongering. Yes the stock dropped but none of the other items you mention have occurred.
Thanks for the generic list and fear mongering. Yes the stock dropped but none of the other items you mention have occurred.
Thanks for the generic list and fear mongering. Yes the stock dropped but none of the other items you mention have occurred.
you certainly have it all figured out. You should fly to Boston and educate Jeff Jonas and the board Or run now
you certainly have it all figured out. You should fly to Boston and educate Jeff Jonas and the board Or run now
I posted this in a different thread but I think it’s pretty clear layoffs are coming. The company has barely more than a year of cash left. Zulresso isn’t going to materially change this situation any time soon, and certainly not before the company needs to make decisions about costs. Cloonan said it himself on the last earnings call, don’t expect revenue to kick in until late 2020 (if it even does...). With the lower market cap, the company can only raise a few months more of cash. This is unsustainable. The company will either have to do a big partnership deal with a large upfront cash payment, which I don’t think there is a clear option on the table for that, or cut costs through layoffs. The company will also probably have to run another 217 study which isn’t in current budget, which exacerbates the problem further.
who would’ve ever imagined SAGE would be laying folks off in 2020.
It’s a shame for many reasons. Not the least of which is patients not getting a drug that was sorely needed.
Best of success with interviews.
Curses to this terrible company for great embellishing how great the opportunity and company was while interviewing people. Worst mistake of my entire career.
Are you serious? Show some classI was excited to get another bj from the red-headed WI rep.