No reorg coming in the short term. That is BS
What is real is the systematic removal of anyone that doesn’t get in line. Age will be a very clear decision maker for Ethicon. The people that will be retained will come through a process that they can not tell you about or describe to you because it’s a secret. The secret is your gender and race will decide if you stay or go. JNJ is a deal with the devil
People that have been here less than 6 years no longer have the benefits (so they don’t cost as much) pension now is like 15% of what you make but you don’t get to invest it and you don’t get to keep it. JNJ holds it. With the minimum cost of money you start losing 3% every year on it. While JNJ still uses the cash for their investments to gain on.
