DON'T SIGN anything without letting your attorney review it. They have blackballed former employees, bullied people into accepting poor severance packages, falsified HR files, communicated false and slanderous/libelous information in reference checks for former employees and now in order to keep shareholders happy they cut jobs, spend millions to move to the new building and don't give a second thought to the people that worked so hard to bring this company to life. Wouldn't most of us accept less pay in an environment where there are no jobs to be had. The decision has been made, time to figure out how to feed our families and not theirs. Funny how many shares were sold off by execs knowing this was coming, do they care about you now?
OK, lets calm down;
1-the bottom line is that you will be given a few weeks to sign, or thus forfeit your severance; its that simple. Severance pay is NOT an entitlement, and NO company is obligated to pay a dime in severance!
2-Like most companies, the company does not provide reference checks. Future employers will log into a third party verifier (the worknumber) and will be given your last title, your start date, your end date. NOTHING ELSE; ZIP, NADA, NOTHING!
3-Vertex should NOT keep us, if there is NO need. Inteferon free regimens are right around the corner. You knew this when you joined, and still accepted the job. You had a good job, with great pay, now attempt your next move. This is the nature of the business today. There are no more 30 year pharma sales jobs.
4- There were 105k pharma sales jobs in 2005 and only 70,000 today. And yes, some of us will land on our feet, and get other biopharma jobs, for similarly bloated money. Many of us will never work in this industry again, while joining the 30,000 other reps who were fired in the last 5 years, and have not been able to get back in. These unfortunates will be ruined financially, and will no immediately that they were living in a farce world making the money that they made. Many of us will find jobs making 40-50k and yearn for the pharma job that we so often complained about.
For those of you who suffer, please come back to cafe pharma, and tell us how great we all have it. Remind us how easy our jobs are, and how our pay and perks are no where near commensurate with our duties. Maybe then, we will be realized how blessed we are to drive around all day, delivering sandwiches for 100k+ and bonus and car; for 3-4 days a week.
SOMETIMES YOU DON'T REALIZE HOW GOOD SOMETHING IS UNTIL IT IS GONE! YOU WILL SOON REALIZE THIS!