Teva's new "Reshape" plan

Anonymous

Guest
This thread is not meant to scare you, or talk as though the sky is falling. My intent is only to prepare you for some negative changes coming so that you eyes are wide open and you can prepare. This might mean you should think twice before making large purchases,vacations, etc.

Folks, the"Reshape" plan is code for "Re-org" and is the start of a controlled layoff/downsizing. Even if we win the Copaxone challenge next year, things are going to change in a big way. Teva must change with the current industry climate, and try to stay viable over the next few years. Everything we heard at our last meeting is a textbook process for thinning the ranks and cutting costs. If you fail to grasp the gravity of the recent changes, lets revisit a few things that were rolled out in the last couple of weeks:

1. Hiring freeze for all home office personnel as well as certain facilities that are slated for closure. On top of that, any sales territory that comes open for any reason (fired, transferred, promoted) will not be posted until a home office review of said territory takes place. It will then be determined if the territory should be closed or split, then added to adjacent territories. The one other option mentioned was that if the territory is closed, they could maintain the headcount by adding a rep elsewhere in the country where it might be more profitable. This is a first at Teva.

2. Lost of any/all accrued time off, if not used by end of calendar year (unless pre-approved by the VP...like that's going to happen!). Teva has always allowed carryover of 4-8 days depending on the year. This is also another first for Teva.

3. New work day expectations sign-off. We were told that this was only done to protect Teva against lawsuits from fired employees who stated that the expectations were never clearly stated.
There is an old saying that goes: "The best way to hide a lie is in a half-truth". So to be fair, that part (undefined expectations)is true as some fired employees have used that defense. Now lets move on to the deception part of the expectations letter. First, we are told to be in the field from 8 to 5 and to have a signature call by 8:30 everyday, and one at 4:30 or after everyday. If you fail to do so, your activity will be highlighted when it is automatically sent to your manager every week. Your manager then has the option to make this a disciplinary event if you fail to meet the new criteria. If your manager wants you out, make sure you follow this to a tee. However, even if your manager is trying to protect you he/she will have to answer up-line for any "holes" in your activity. The worst part is we all have limited offices where we can get signatures that early or late in the day, thereby setting you up for problems. We now are told to only take a "half-hour" lunch yet our offices are generally closed from 12 to 2 for lunch. Calling on pharmacies during lunch is hit and miss as they are usually slammed with customers trying to make their lunch run to the pharmacy. Beware, a 2 hour block of inactivity is also a way to highlight your activity report. These are all firsts for Teva.

4. Finally, I want you to consider this: Do any of these new rules actually cause your business to grow? except for a few rare exceptions, No. So why institute all of these new rules? The answer is, it gives them additional tools to get rid of you with documentation, rather than paying you a severance package should you be on the list for "Reshape".


There were many other troubling changes that I have not addressed in this post. All sales forces at Teva are going to feel the pain, some more than others. How quickly, this goes down hinges on a number of things inside Teva, as well as the FDA, the courts, and Obamacare. Be ready for a series of mandatory conference calls with sudden changes, some that will make no sense and will have the feel of panic at home office in them.

Be well my Teva counterparts, may we all land on our feet through the changes.
 
























Saw this message on the Teva Neuro board:

"Talked to someone in Respiratory today. Seems the OP was from that group as they has to sign a document that matches the one described above. Based on what they were told at their recent POA, it sounds like all of us will get something similar in the future. Apparently Qnasl failed miserably for respiratory, and they had expanded the sales force for it. Now they are possibly looking at a downsizing to pre-Qnasl rep levels in the near future."

What is disturbing about this is it appears that only Respiratory has been hit with the work day expectation letters, as well as some of the new guidelines. Not Neuro, CNS. Pain, etc. just us. It looks like the post quoted above may have some teeth to it. All is not equal across the sales forces like we were told.
 






Perhaps the other Divisions sample but not as much-maybe one doctor sampled in a day at the most? CNS/ pain/ Copaxone are smaller markets. But everyone was told about reshape that is for sure.
 






Perhaps the other Divisions sample but not as much-maybe one doctor sampled in a day at the most? CNS/ pain/ Copaxone are smaller markets. But everyone was told about reshape that is for sure.

Apparently respiratory is also the only group that has been told that they cannot roll over any vacation days. All signs point to a layoff in respiratory in the near future. They are taking steps to minimize any additional monies that might have to be paid out at severance.
 






Apparently respiratory is also the only group that has been told that they cannot roll over any vacation days. All signs point to a layoff in respiratory in the near future. They are taking steps to minimize any additional monies that might have to be paid out at severance.

Watch the today's webinar - seems that the future is bright!! Why so negative?
 












Watch the today's webinar - seems that the future is bright!! Why so negative?

I hope you were kidding... the webinar was for the purpose of stockholders. The reps here in respiratory have been hit hard over the last few weeks from every side. Layoffs and cost reductions make stockholders happy but they wreck havoc on the grounds troops. All of the new products for respiratoty's future are a few years off. That means thinning the ranks until such time that an expansion is necessary (if ever). You don't institute 8 major new guidelines/tracking just because you are being frugal. On top of that, most of it was specific to Respiratory and not the other teams. Don't be lulled in to calmness by the sweet words that come out of home office mouth. Do I know that a layoff will occur? no. But Teva is using the standard layoff playbook of the McKinsey group and ZS associates. And it matches that of several group that have been "reshaped" over the last few years.Wake up people and smell the coffee. Any bets that Qnasl will be gone by next June? I say odds are greater than 50/50 as of today.
 












I hope you were kidding... the webinar was for the purpose of stockholders. The reps here in respiratory have been hit hard over the last few weeks from every side. Layoffs and cost reductions make stockholders happy but they wreck havoc on the grounds troops. All of the new products for respiratoty's future are a few years off. That means thinning the ranks until such time that an expansion is necessary (if ever). You don't institute 8 major new guidelines/tracking just because you are being frugal. On top of that, most of it was specific to Respiratory and not the other teams. Don't be lulled in to calmness by the sweet words that come out of home office mouth. Do I know that a layoff will occur? no. But Teva is using the standard layoff playbook of the McKinsey group and ZS associates. And it matches that of several group that have been "reshaped" over the last few years.Wake up people and smell the coffee. Any bets that Qnasl will be gone by next June? I say odds are greater than 50/50 as of today.

wow, you didn't have to wait long for an answer. Company announced layoffs this morning.
 






The previous poster talks about the company trying to fire people to avoid severance packages. I suggest everyone start documenting everything their manager says negatively about them. It is illegal to try to avoid a severance package by targeting people when a possible layoff has already been communicated. Start inquiring with employment attorneys to know your rights. Save the documents they ask you to sign and get a head start on protecting yourselves.
 





































Did anyone catch the following statement in the article:

"The basics are these: Teva said last week that it would shed 5,000 jobs worldwide to amp up its cost-cutting target to $2 billion. That's about 10% of its workforce, the company said. The cuts will hit worldwide, mostly in manufacturing and sales"

Yes, you read that correctly...Sales. So much for previous posters comment to it was mostly supply chain cuts and not sales!