Oncology division

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There are 3 of us in my district interviewing. The issue with layoffs at Eisai is, they only give you 4 weeks pay and they are done with you. That doesn't give us a lot of time to find a position. For that reason, if I get an offer, I am gone. I do like my newer Regional manager but, I think she is in a sinking ship, which isn't her fault.
 






anonymous said:
There are 3 of us in my district interviewing. The issue with layoffs at Eisai is, they only give you 4 weeks pay and they are done with you. That doesn't give us a lot of time to find a position. For that reason, if I get an offer, I am gone. I do like my newer Regional manager but, I think she is in a sinking ship, which isn't her fault.
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Smart move. Bird in the hand as they say. If you are not looking you will be left holding the bag.
 
















































anonymous said:
When does it usually happen? how long is the severance? Is it worth staying for or better to leave ahead of it?
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Typically two weeks per year of service. Often times with a minimum of three months - but this is not always the case - knowing our company I would not count on a minimum severance. Due to the WARN Act there will be 90 days notice of the RIF. Your severance will commence on day 91.

So if you worked here for three years, you'll get the 90 days from WARN (while you can be asked to work during that time, most companies pull back responsibilities from the employee(s) to allow them to look for a job), then you get six weeks severance from your three years of service based on two weeks per year. So the day the WARN announcement happens you'll have about four and half months of income. Unless of course we offer a minimum severance of three months. At good organizations you can get the minimum then your two weeks for each year of service so in that case you could end up have a longer ramp. So if you were here for three years you would get a three months minimum severance, and then the 6 weeks on top of that for your years of service. That gets you 3 months for WARN, 3 month for minimum severance and 6 weeks for service bringing you to 8 and a half months. Again all dependent on how we approach it.

Whether to stay or leave? Really depends on your situation. If you are planning to retire then stick it out. If you do not fall into that category, I would say start looking and see if you can land something acceptable. You can always say not to an offer that you are not excited about. Just know the timelines of severance and know your risk tolerance for saying no to a job in hopes of getting a better one before you run out of severance.

Good luck.
 






anonymous said:
Typically two weeks per year of service. Often times with a minimum of three months - but this is not always the case - knowing our company I would not count on a minimum severance. Due to the WARN Act there will be 90 days notice of the RIF. Your severance will commence on day 91.

So if you worked here for three years, you'll get the 90 days from WARN (while you can be asked to work during that time, most companies pull back responsibilities from the employee(s) to allow them to look for a job), then you get six weeks severance from your three years of service based on two weeks per year. So the day the WARN announcement happens you'll have about four and half months of income. Unless of course we offer a minimum severance of three months. At good organizations you can get the minimum then your two weeks for each year of service so in that case you could end up have a longer ramp. So if you were here for three years you would get a three months minimum severance, and then the 6 weeks on top of that for your years of service. That gets you 3 months for WARN, 3 month for minimum severance and 6 weeks for service bringing you to 8 and a half months. Again all dependent on how we approach it.

Whether to stay or leave? Really depends on your situation. If you are planning to retire then stick it out. If you do not fall into that category, I would say start looking and see if you can land something acceptable. You can always say not to an offer that you are not excited about. Just know the timelines of severance and know your risk tolerance for saying no to a job in hopes of getting a better one before you run out of severance.

Good luck.
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Thanks for the insights. This has been my experience as well at other organizations where a RIF took place. Unfortunately we are at the mercy of a greedy company who most likely will not do what's best for the employees, so I am calculating this all on the low end of severance and unfortunately I am not at retirement age so my answer is to get out as fast as you can.
 


















And we have lost 30% of our employees. The stock is still dropping. The oncology side can only stay afloat for so long before the Japanese decide to cut bait and move on. I wonder if we wold sell the company rights to certain products. Also, some patents are getting close so we may just hang on until the end of those cycles.
 






anonymous said:
And we have lost 30% of our employees. The stock is still dropping. The oncology side can only stay afloat for so long before the Japanese decide to cut bait and move on. I wonder if we wold sell the company rights to certain products. Also, some patents are getting close so we may just hang on until the end of those cycles.
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It's over for oncology. Look at our terrible leadership, from TB down. We can attract nor retain top talent. It is a revolving door for those who are any good. We are stuck with the bottom of the barrel reps.
 


















They cut me off immediately and then my manager asked me for info. I had to say you cut my access so I can't help you. What are they afraid of, someone stealing the secret of Lenvima, lol.
 






anonymous said:
They cut me off immediately and then my manager asked me for info. I had to say you cut my access so I can't help you. What are they afraid of, someone stealing the secret of Lenvima, lol.
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When you have C minus talent at leadership positions they are highly insecure and take things deeply personally. You leaving sends a baggage confirming that they, as a manager, and Eisai as a company are not “good enough”.

They know this deep down…however when confronted with that reality they get angry…which is what talentless, insecure people do.
 






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