So how will the layoffs go down?

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I'm sure we'll have a better idea after Business Brief being held tomorrow. Key words: "we have to make difficult decisions" - layoffs always follow after those words!
 


















"Given that, Kenneth Frazier, who was promoted to CEO on Jan. 1, will talk about Merck's plans to increase both revenue and profit. He may give an update on ongoing cost-cutting and will discuss plans to launch the new skin cancer drug, the status of a few drugs likely to be approved this year and the latest news on other experimental drugs in the pipeline, such as anacetrapib for hardening of the arteries."

Read more: http://www.kansascity.com/2011/04/27/2830317/earnings-preview-merck-report.html#ixzz1Ks9HM2no
 






























Anonymous said:
Doing better and more with less. Get Skype so that you can stay in touch with your family.
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That's why those at the top earn the big bucks. By applying their charisma, they convince 94,000 (or 75,000 if all goes well for them) to put in 200 extra hours/year. That's almost 19 million extra hours. Even if they pay the entire top rank an extra 57 million, the company got those extra hours for $3/hr - all in. And for your extra 200 hours, what do you get? More job insecurity? This sort of trading on the Merck name as if it still meant something is something you can pull on newbies. Experienced folks know that it only means a fool's errand is coming their way.
 












Anonymous said:
"combined with deliberate cost control measures across all areas of the company as we continue to create a more effective and efficient operating model."
Bad news
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I don't see any end to the truly wasteful stuff. Layoffs and hiring freezes equal "deliberate cost control measures" to Wall Street. How about freezing their pay until the arrive at the most effective and most efficient operation instead of paying them absurd amounts of money for "continuing" to "create" their "model". How long are they going to "continue" until they finally get there? After so many years of Gilmartin and so many years of Clark is it too much to expect that the "creation" phase would be over? Or do we start all over again with Frazier? Is it a "model" or is it the real deal? Meanwhile the waste continues and the empty words keep rolling out of Whitehouse Station. Layoffs covering up bullshit.
 






Did anyone actually watch the business briefing today? I missed it but I did hear from a few folks that it would result in some "belt tightening". Translation, yes, a certain PA site would have a few more open spots. It doesn't take a genius to realize that with Singulair going off-patent next year that the organization needs to figure out a way to very quickly cut costs and find growth and do it before we lose that revenue stream, not after!
 






Anonymous said:
Did anyone actually watch the business briefing today? I missed it but I did hear from a few folks that it would result in some "belt tightening". Translation, yes, a certain PA site would have a few more open spots. It doesn't take a genius to realize that with Singulair going off-patent next year that the organization needs to figure out a way to very quickly cut costs and find growth and do it before we lose that revenue stream, not after!
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Singulair + Maxalt off patent by 2012 year end = $5.5 BILLION of lost revenues to make up ....bye bye people and benefits (esp. the pension)
 






























think we should know within the month. Headcount 'exercises' currently going on. It was cryptically noted in the business brief and no one asked directly about lay off numbers. Company cannot sustain long-term obligations such as pension. In the meantime, Ken would like us all to be 'tenacious', share our ideas and be empowered. Unfortunately, our managers haven't gotten that memo yet!

Have been looking and the only thing available are plenty of contracting positions within Merck; so it appears the company is moving in that direction across the company.
 












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