1. Eli Lilly putting $400M into US diabetes med production — 31 biopharmas at high risk of bankruptcy — Sackler family thriving with oxytocin sales in China through Mundipharma — See more on our front page news

    TRY TWO WEEKS OF OUR EMAIL NEWS HEADLINES FOR FREE
    Dismiss Notice
  2. Think you have witnessed fraud?Ask a Whistleblower Attorney -- a chance to discuss whistleblower-related legal issues with practicing whistleblower attorneys.
    Dismiss Notice

2nd Round of layoffs?

Discussion in 'Mimedx' started by Sam, Jan 1, 2019 at 9:45 AM.

  1. Sam

    Sam new user

    Joined:
    Jan 1, 2019
    Messages:
    5
    Likes Received:
    0
    Looking at the nationwide sales trajectory, changes in coverage by payers, lack of direction and communication from corporate, I have been hearing people discussing a second round of layoffs coming in the late spring / early summer. Has anyone heard anything or have thoughts on whether this is likely?
     
  2. anonymous

    anonymous Guest

    Wake up people. David Coles Is a paid-by-the-hour CEO brought in to to keep the ship from sinking long enough to salvage some value from it. The only reason he is still here is because the BoD can’t find anyone willing to take the job permanently. Anyone who believes Coles is fired up about the future of the company isnt paying attention. Think about what has to take place in order for MiMedx to become a viable entity again. Nearly impossible because there are SO MANY unknowns. They are trying to extract as much value as the can before it implodes. The second round of layoffs will be when the padlock the doors
     
  3. anonymous

    anonymous Guest

    That might be, but I making more money here than I can anywhere else right now. I’ll write it out while I continue to look at other opportunities.
     
  4. anonymous

    anonymous Guest

    As long as Ryan and his bard buddies dave and jay are gone. All of them talked way to much. They Jay and dave were both double dipping with us and bard> KARMA will get you
     
  5. anonymous

    anonymous Guest

    Pay attention to the increase in sales coming from agents. The directors get credit for these sales while clearly they are in competition with the AEs. RSDs are the ones signing these agents to contracts and are allowing them to call on hospitals and clinics.
     
  6. anonymous

    anonymous Guest

  7. anonymous

    anonymous Guest

    Absolutely not. We will not be presenting at any conferences that allow questions.
     
  8. anonymous

    anonymous Guest

    i now get the lay-off treat all the time! No one on my team had the numbers they did last yr so now the tactic is to threaten lay-off. I wanna know if we are laid off does that void our non compete???? They would really hate when we start taking there business
     
  9. anonymous

    anonymous Guest

    They are no longer enforcing the non-compete. Reps have left for other companies - Organogenesis, Integra, etc. and are already taking business. MiMedx can’t and won’t do anything about it.
     
  10. anonymous

    anonymous Guest

    wrong
     
  11. anonymous

    anonymous Guest

    Thanks AVP! I personally know people that left and went to those companies and are taking business. All they got was a warning letter. MIMedx sent a warning letter but that is all they will do.

    By the way - have you told your team that the only reason you are here is because of your $500k retention bonus?
     
  12. anonymous

    anonymous Guest

    More wrong.

    1. Non-competes are definitely still being enforced. You need to personally know more people.

    2. You're dumb for even considering OI. They are PE owned and will be gone within 18 months...probably less depending on cash burn and/or how fast they can get injectable to market. And good luck at Integra where careers go to die.
     
  13. anonymous

    anonymous Guest

    Nope. Why don’t you comment about the AVP retention bonus? If things are so great here why do the AVPs need to be heavily incentivized to stay?
     
  14. anonymous

    anonymous Guest

    who cares what was promised? i'm pretty sure they are comped well with or without any incentive to stay. most are good people and i would do something to keep them too.

    if they effed up anywhere it was probably hiring so many incompetent people who had no idea what they were doing.
     
  15. anonymous

    anonymous Guest

    Lol. So company goes thru massive layoff and what? They should just tell their best performers all is good? You need a lesson in restructuring. The step as important as cutting the fat is fortifying your base.
     
  16. anonymous

    anonymous Guest

    Don’t you find it hypocritical that they need to get paid massive retention bonuses in order to stay while spinning lies to us that everything is wonderful?
     
  17. anonymous

    anonymous Guest

    MiMedx is a 24 hour, seven days a week scam. These AVP’s would srew over their mother to make a buck

    Most are hold overs from ABH.
     
  18. anonymous

    anonymous Guest

    i guess if you're a derm rep on left coast, sure. no reason to hang around until mohs decision is reversed. but i don't see biz flailing for my wound cen customers. humana add is already helping my numbers.
     
  19. anonymous

    anonymous Guest

    The same “yes men” who told you to do what Pete & Bill demanded are the ones telling you everything is ok.
     
  20. anonymous

    anonymous Guest

    I hope the avp’s, 500k, and rsd’s, 350k, enjoy their retention guarantees while they spin the corporate message to reps who haven’t received a thing. Reps are the foot soldiers with the relationships.