There is Hope for R&D at B+L

[Anonymous]

There has been a lot of over-hiring in R&D in the last few years. This was probably mainly done as a hedge against this sort of thing. An inevitable cut of 20%. Since the managers over-hired by at least 30% they could offer up 1 third of their work force and nothing will be affected.

The cuts likely coming will be much more than 30% and will include managers, Directors, VPs etc. So much for planning for a layoff. B+L R&D already has the 30% people lined up to offer to Valeant. Whether Valeant trusts B+L that they put the right list together or will make up their own list will be seen in the next few months.

Valeant laid-off 70% of Medicis. Do you really think B&L is going to be different?

 

[Anonymous]

Valeant laid-off 70% of Medicis. Do you really think B&L is going to be different?

It is a lot easier to lay-off 70% of ~400 employees and remain functioning than it is to lay-off 70% of ~12k employees and remain functioning. B&L is a much bigger operation than Medicis was.

 

[Anonymous]

It is a lot easier to lay-off 70% of ~400 employees and remain functioning than it is to lay-off 70% of ~12k employees and remain functioning. B&L is a much bigger operation than Medicis was.

Totally agree, unfortunately it appears that Mike is taking the same approach, after all, an acquisition is an acquisition. The only thing that seems to matter is numbers of human capital regardless of whether they are appropriate or capable for the job. That's the point everyone has been trying to make!

 

[Anonymous]

I hear the train a comin', it's rollin' round the bend.... most of you are tubed

 

[Anonymous]

Get real - Valeant will cut your entire company - all about collaborative synergies. THIS IS WHAT THEY DO! This is how they make themselves look good to street and shareholders - that is ALL they care about. You think they really give a rats ass about EMPLOYEES? PATIENTS? They said they were keeping R&D at Medicis in Scottsdale - and they did - what they didnt say is that is would be 3 PEOPLE! Hard pills to swallow, but this will be your reality.

 

[Anonymous]

B+L is different to other Valeant deals. It is not a simple "buy the company/product, dump the workers" deal. BUT I really really hope McKinsey ask all VPs and Directors some questions. What the hell do you do ? What are you really accountable for? Some cross checking will prove that B+L have a lot of overlap and a lot of directors who are not accountable for delivering anything other than dialling in on calls and shuffling emails in a bureaucratic maze of oversight.
We all know it. Jeez if McKinsey paid me I'd save a bucket of money with no impact on the pipeline

 

[Anonymous]

B+L is different to other Valeant deals.

I hope your are right. History, however, says you're delusional. Good luck, but as others have said, if you're not job hunting now, you will kick yourself later.

 

[Anonymous]

I hope your are right. History, however, says you're delusional. Good luck, but as others have said, if you're not job hunting now, you will kick yourself later.

Agreed. Most of the posts here are delusional and made by your current management to keep you subdued or because they think they are so convincing to the consultants. Go read the Valeant page. Your company is doomed in its present size. The consultants have it all figured out. Soon you'll be out of a job and pissed off and posting all of your hatred onto this site. Get ready and good luck.

 

[Space Pope]

Agreed. Most of the posts here are delusional and made by your current management to keep you subdued or because they think they are so convincing to the consultants. Go read the Valeant page. Your company is doomed in its present size. The consultants have it all figured out. Soon you'll be out of a job and pissed off and posting all of your hatred onto this site. Get ready and good luck.

We may be on a road with no turns.

I wouldn't be surprised if they pull something similar to Memorial Day weekend. When the bulk of the employees return after the 4th of July holiday, there may be... complications...

I am just so disappointed with Brent, but that's a story for another day.

 

[Anonymous]

Stop the panic, you guys will be just fine. Perform through Sept. and you will be safe, so stay focused on your work.

 

[Anonymous]

Stop the panic, you guys will be just fine. Perform through Sept. and you will be safe, so stay focused on your work.

You are either (a) an idiot or (b) a really big idiot or (c) a douche. Valeant is going to totally squeeze you to the tiny size you should have been all along.

Valeant sees this time and time again. Some guilty exec can't get over the fact of being imasculated and thinks he can stop the inevitable. So he says this is garbage.

Get ready to lose your job or survive in a very different world.

 

[Anonymous]

You are either (a) an idiot or (b) a really big idiot or (c) a douche. Valeant is going to totally squeeze you to the tiny size you should have been all along.

Valeant sees this time and time again. Some guilty exec can't get over the fact of being imasculated and thinks he can stop the inevitable. So he says this is garbage.

Get ready to lose your job or survive in a very different world.

Agreed. You can't see the Valeant picture if you're looking with normal business eyes. Look for what makes the most bump in the stock price, tomorrow, and that's the way Valeant goes. Next month or next year don't matter. Cut heads, jack prices, drive products into the ground, whatever makes the stock tick up tomorrow.

As another poster accurately said, R&D at Valeant is Rape & Destroy. So there will be R&D at B&L for sure. Good luck all.

 

[Anonymous]

Decisions are made. Bye-bye VPs and directors of nothing. The game is over. The matrix is over. Cuts by end of July. Long live B+L, a division of Valeant.

 

[Anonymous]

How about reps?

 

[Anonymous]

You can not end the Matrix. The Matrix rules.

 

[Anonymous]

Chop chop chop. The axe is here. Black folders by the end of the week.

If bullshxt departments survive then Valeant is going by the numbers playbook and nothing will change. Valeant will save cash short term, but B+L will still be a sinking ship.

Can McKinsey tell the difference between the shxt and the cream ? Cuts are happening too fast. My bet: Same idiots are still calling the play and keeping their buddies safe.

 

[Anonymous]

Chop chop chop. The axe is here. Black folders by the end of the week.

If bullshxt departments survive then Valeant is going by the numbers playbook and nothing will change. Valeant will save cash short term, but B+L will still be a sinking ship.

Can McKinsey tell the difference between the shxt and the cream ? Cuts are happening too fast. My bet: Same idiots are still calling the play and keeping their buddies safe.

Same idiots calling the plays. The mid-management (VPs and Directors) call the plays because they are supported by B+L HR in writing up the performance reviews, job descriptions and organizational structure in D&R. If McKinsey does not break this cycle they will be ruled by the same idiots and suffer the same poor performance of the past 10 years.

 

[Anonymous]

Same idiots calling the plays. The mid-management (VPs and Directors) call the plays because they are supported by B+L HR in writing up the performance reviews, job descriptions and organizational structure in D&R. If McKinsey does not break this cycle they will be ruled by the same idiots and suffer the same poor performance of the past 10 years.

You got it. D&R is run by clowns. Top management see relentless VPs and directors always pushing. They think that is good. Problem is D&R is generally driven in the wrong direction. They do not understand that a relentless clown is still a clown. Too much micro management. Too many managers and directors. No respect for people who have a track record of delivering success to the company. Good people are kept down to make current management look irreplaceable. So long as McKinsey fails to break the cycle, B+L D&R will still suffer poor performance.
With D&R program cuts, and the same clowns in charge, delays and failures will increase because the clowns will have more time to screw up their smaller empire. The Valeant model could save B+L long term. But can they break thru the layer of clowns who have screwed us all for so long ?

 

[Anonymous]

You got it. D&R is run by clowns. Top management see relentless VPs and directors always pushing. They think that is good. Problem is D&R is generally driven in the wrong direction. They do not understand that a relentless clown is still a clown. Too much micro management. Too many managers and directors. No respect for people who have a track record of delivering success to the company. Good people are kept down to make current management look irreplaceable. So long as McKinsey fails to break the cycle, B+L D&R will still suffer poor performance.
With D&R program cuts, and the same clowns in charge, delays and failures will increase because the clowns will have more time to screw up their smaller empire. The Valeant model could save B+L long term. But can they break thru the layer of clowns who have screwed us all for so long ?

These clowns hired a lot more clowns in the last 5 years. So not only do you have to deal with the imbedded clowns you have all of the hires of these clowns to deal with as well. Valeant should recruit some people from the industry that currently do not work at B+L. The best way to break a bad corporate culture is a complete overhaul of management.

 

[Anonymous]

There is no axe. Valeant do not discriminate between good and bad. There is no precision targetting. This is a 15000lb daisy cutter. It is apocalypse now. They are targetting entire areas. If you are in the wrong department at the wrong time you are done. Zero hour is imminent. There will be mass casualties. Survivors will be good and bad.
Everyone needs to decide. Stand in the open and get it over with? Enter a new world outside of B+L ? Or hang around and scramble thru the rubble of a once proud company ?