Requesting to be laid off to get severance

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anonymous

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How likely will this scenario happen?
That they ask for volunteers for severance that is. I personally would raise my hand. Anybody with experience in prior situations, does this happen??
 


















anonymous said:
How likely will this scenario happen?
That they ask for volunteers for severance that is. I personally would raise my hand. Anybody with experience in prior situations, does this happen??
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Yes, I have experienced this. It was called an ‘opt-out’ VSP but it was at a much smaller pharma Co. Would be great if BMS adopted some version of this. Waiting around for the pain to end is unbearable.
 






anonymous said:
Yes, I have experienced this. It was called an ‘opt-out’ VSP but it was at a much smaller pharma Co. Would be great if BMS adopted some version of this. Waiting around for the pain to end is unbearable.
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Don’t let this cannibalizing acquisition get the best of you. This is unfortunately business in the dying pharmaceutical industry and could not last forever.
 






anonymous said:
How likely will this scenario happen?
That they ask for volunteers for severance that is. I personally would raise my hand. Anybody with experience in prior situations, does this happen??
Click to expand...


As layoffs have become increasingly common, I think large pharma has stopped doing this. Gone are the days where reps are blind sided by layoffs, that being said most reps will interview/accept jobs prior to the layoff. I have been through numerous layoffs where upwards of 20% of the region resigns after retaining their job. Either they wanted to be laid off and work their new job, or they don’t align with the new company culture. It would seem that BMS would be giving out a lot of free money.
 






Why would BMS lay off Celgene field people and pay them 8, 10, 15 months when they could lay off BMS people and give them 2-6? Also all the checkpoint inhibitor people can easily cross train for another disease state. Sorry Celgene but I dont think you will be given a prize to leave.
 












anonymous said:
Why would BMS lay off Celgene field people and pay them 8, 10, 15 months when they could lay off BMS people and give them 2-6? Also all the checkpoint inhibitor people can easily cross train for another disease state. Sorry Celgene but I dont think you will be given a prize to leave.
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Good thought except the day the merger was announced Celgene employees where told the severance package right away. Not only has BMS not rolled out a severance package they’ve told all their sales forces they are safe.
 






anonymous said:
Good thought except the day the merger was announced Celgene employees where told the severance package right away. Not only has BMS not rolled out a severance package they’ve told all their sales forces they are safe.
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Not true, there has been no such communication at BMS telling the sales force they are safe.
 










































anonymous said:
You are an idiot. What are you paying? 5% interest on your mortgage? Go invest it at 12% you dope.
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Security means more to me than a 7% return that isn't gauranteed.

I'll take the house thanks. Then maybe get another mortgage someone else can pay for.


Not dopey, just not as much risk tolerance as you. But thanks.
 
























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