Allergan to cut over 1,000 jobs as part of cost-cutting efforts

Discussion in 'Allergan' started by anonymous, Jan 3, 2018 at 3:17 PM.

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  1. anonymous

    anonymous Guest

    Just terrible. Appeasing the board and Wall Street.
     
  2. anonymous

    anonymous Guest

    Ireland-based Allergan, maker of Botox, expects the move to save it $300 million to $400 million this year. It anticipates the changes will cost $125 million, mainly due to severance expenses, the bulk of which is expected to be recorded in the fourth quarter.


    The company said in November that it would undertake a cost-cutting and restructuring program, with CEO Brent Saunders telling analysts on an earnings call that Allergan was still in the planning phases but it saw "potential opportunities to become even more efficient."

    Shares of Allergan have fallen more than 20 percent in the last 12 months. They were up 1.1 percent midday Wednesday.
     
  3. anonymous

    anonymous Guest

    When will we find out if we are on the hit list I left my manager a voice mail, no response yet!
     
  4. anonymous

    anonymous Guest

    And your Manager won’t call you back. You’ll find out tomorrow like the rest of us.
     
  5. anonymous

    anonymous Guest

    Tax Reform will be huge for us. I look forward to my future here at Allergan. Very bright skies ahead!
     
  6. anonymous

    anonymous Guest

    So who are the intended targets for these cuts? Sales? Irvine? R&D? Who's lives will be impacted this time? F'ing Allergan and their F'ed up management!
     
  7. anonymous

    anonymous Guest

    Did you not attend the Town Hall webcast today? Every detail was explained on it
     
  8. anonymous

    anonymous Guest

    For those that couldn't get on, can someone summarize?
     
  9. anonymous

    anonymous Guest

    You’ll find out tomorrow
     
  10. anonymous

    anonymous Guest

    Get lost creep !
     
  11. anonymous

    anonymous Guest

    You think tomorrow?
     
  12. anonymous

    anonymous Guest

    Everyone will be notified by Jan 12th.
     
  13. anonymous

    anonymous Guest

    And later in the year the sales force will expand again. Wash, rinse, repeat.
     
  14. anonymous

    anonymous Guest

    Someone already on my team lined up a new job.
     
  15. anonymous

    anonymous Guest

    expand sales force on drugs we are losing patents? are you a moron?