1. IMPORTANT: In the next few weeks, we will be upgrading the message board software. We expect minimal downtime during the upgrade, and we will attempt to complete this during low-traffic hours. We will post an exact time several days ahead of the switch.

    In preparation for the upgrade, we will be performing board maintenance, such as moving boards to Lost Civilizations where appropriate. Lost Civilizations is a category for companies that have either been dissolved or acquired. The boards serve as both an archive of the old company posts, as well as a place for former employees to reminisce or reconnect, as they will remain open for posting. We may also remove some board threads that have been inactive for several years.
    Dismiss Notice

The budget cuts….

Discussion in 'Ethicon Device' started by anonymous, Sep 9, 2022 at 11:03 AM.

Tags: Add Tags
  1. anonymous

    anonymous Guest

    Where did the budget cuts really stem from? Did Ethicon US overpromise and under deliver? Was leadership unable to predict the staffing and covid-related drop in procedure volume? If so that seems like a huge miss as I could have told you that a long time ago.
    Are all of the operating companies currently dealing with budget restrictions? Pharma, joint recon, trauma, vision, BWI? I’m curious to hear what you have heard if you talk to other JJ employees.

  2. anonymous

    anonymous Guest

    Budget cuts first…..layoffs next
  3. anonymous

    anonymous Guest

    they stemmed from two main things: 1) operations based production costs and 2) Chinas lockdown crush foreign sales. Also a strong dollar hammered our bank roll as we hold a lot accounts receivable in foreign currency.