When I see already what joe has spent on severances in europe including mine I really wonder how long he can continue to afford those… like in the US people in emea have been quite for long with bax and therefore untitled to nice packages…I believe that they only have to give notice once it reaches 2000 employees at a particular site, which is why there is only 20 here, 20 there. Never the fulllevel. This is for the US, Europe and the rest of the world is a different animal and much more rules
Creative accounting is the trick… low joe is a specialist!HillRom 2024 results.
$2.9 B in sales. ( same as 4 years ago when we acquired them)
A miss to plan of $194 Million yes $194 million
Pre tax A miss to plan of $ 112 million.
Low Joe how will you spin these results at q4 investor update ?
perhaps you should sack Reaz ?
Im so glad i sold my shares 2 years ago. I have never ever seen such an incompetent CEO . The whole company morale people are waiting wishing for redundancy packages , EMEA. APAC, LATAM , UCAN, its the same story in every geography even here in META.
I am at a loss to explain to people how Joe is still here ?
Just tack on "adjusted" to earnings, make a really small footnote that these are non-GAAP, then make up whatever narrative you want for a great top line with "one-time costs that don't materially impact the underlying business".Creative accounting is the trick… low joe is a specialist!
To be honest we all know bax financials are completely out of control since years (basically since they moved the entire finance to low cost countries)… what I hope is that no irregularities come out like a cherry on the cake… Let’s cross fingers…Just tack on "adjusted" to earnings, make a really small footnote that these are non-GAAP, then make up whatever narrative you want for a great top line with "one-time costs that don't materially impact the underlying business".
What departments/functions/ segments will be hit hardest?Sounds like tomorrow is the big day, hang in there everyone at Baxter.
What departments/functions/ segments will be hit hardest?
I don’t think you know what you’re talking about. In the U.S. if a company does mass layoffs the WARN act requires 60 day notice in the form of a press release.All of them. We are running on fumes. This move may destroy us.
Welcome to Bloody Tuesday! Where is your 60 day notice now?I don’t think you know what you’re talking about. In the U.S. if a company does mass layoffs the WARN act requires 60 day notice in the form of a press release.
That is why Baxter does not do mass layoffs, just 20 here, 20 there. So they don’t have not issue a press releaseI don’t think you know what you’re talking about. In the U.S. if a company does mass layoffs the WARN act requires 60 day notice in the form of a press release.
I believe it is global and not just RL.mass layoffs in RL today. No bueno.
Surely they do not want to state they are firing while contracting all those newbies to work on god knows what….I believe it is global and not just RL.
Quality, Product Qualityanybody know of any specific groups or teams that have been impacted so far?
What is RL?I believe it is global and not just RL.
