This is how it's going to happen
- Thread starter Anonymous
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Why do you care you'll be lucky to get a plane flight home when they can your ads in training when the merger occurs
I've been through mergers, acquisitions and have a lot of friends who've been through it. Believe what you want, the script doesn't change.
Here's the script. It hasn't changed in years.
June: POA's you're all going to be notified that there will be a layoff.
August: Layoff's 8-12%- worst preformers on the teams- the guys that don't work. They will get that severance package they signed last year. Their stocks vests and they leave quietly, happy and with money in their pocket..
A couple days later: New company is formed- you're all happy because you made the cut.
6 months later: (watch for an early POA in February) New CEO tells you that some cuts have to be made. "it's just not working the way they wanted. Saphris is a crapper and no one will buy the COPD products from us. we have to make up for it somewhere"
Same day: you're all notified again that layoffs will happen in 60 days.
60 days laterend of March or FY15) 25% random layoffs. Only this time that severance contract you signed last year is void because this layoff is not as a result of the merger/take over. Your stocks do not vest, and your prize is Obamacare for life.
Think on it. Get out now.
Op is an idiot...
We were notified that there are going to be layoffs way before June. In fact, I found out in Feburary when my DM told me we got bought out.
August there will be layoffs...op got this one right...kind of. From the sound of it looks like we will find out end of July.
A couple days later new company is formed. Wrong again. We were formed July 1st.
The rest of your crap is just that, crap. Bunch of rambling. So out of everything you stated you got 1ish thing right. Congrats r*****
Was there an official layoff notice in Feb or was it just heresay? Did you get the official word in June POA or did you have some secret meeting before hand? Have they officially told you when layoffs were going to happen exactly or do you have a date? Have you received an official offer stating you work for Act or are you in the same boat as the rest of the frx clones? Because you don't have exact answers to these questions the OP's prediction still holds true.
Once you get that letter (or not) you will no longer work for frx and everything changes for you. 6 months down the road you will go through this all over again (as I predicted) and all you'll have left is a gold coin. Or a crappy severance. Or a crappy job. Which is exactly what pharma is.
Whatever...either way we still have to wait a bit. I'm over it, just need to keep working until we hear otherwise
Good attitude. This guy should be rewarded with an extra coin.
Wow, how accurate was I. I'm the OP and laughing so hard right now.
Thank god you were wrong about the severance though, legacy reps still get the sweetheart deal, a bunch of us will still walk out tomorrow with a winning lottery ticket.