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<p>[QUOTE="AnonymousCowardAgain, post: 3018905"]So, after IT Layoff Round III, let's do the arithmetic.</p><p><br /></p><p>About 100 folks were let go in June. At an average cost of $150K/year each, that saved $15MM annually.</p><p><br /></p><p>TF convinced Amgen to pay IBM $100MM/year to run infrastructure, a dept that cost about $55MM/year. He needs to recover $45MM in operating costs.</p><p><br /></p><p>$45MM - $15MM = $30MM. $30MM / $150K / person means TF needs to RIF about 200 more people in order to break even. Small layoffs of 50 to 100 here and there won't trigger a WARN notice, so it's easy to do. Bump the fully loaded cost to $200K/year, and you get 150 more RIFed.</p><p><br /></p><p>Long story short: expect another 100-200 IT layoffs during 2009.[/QUOTE]</p><p><br /></p>
[QUOTE="AnonymousCowardAgain, post: 3018905"]So, after IT Layoff Round III, let's do the arithmetic. About 100 folks were let go in June. At an average cost of $150K/year each, that saved $15MM annually. TF convinced Amgen to pay IBM $100MM/year to run infrastructure, a dept that cost about $55MM/year. He needs to recover $45MM in operating costs. $45MM - $15MM = $30MM. $30MM / $150K / person means TF needs to RIF about 200 more people in order to break even. Small layoffs of 50 to 100 here and there won't trigger a WARN notice, so it's easy to do. Bump the fully loaded cost to $200K/year, and you get 150 more RIFed. Long story short: expect another 100-200 IT layoffs during 2009.[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma IT
>
Amgen IT
>
Amgen Signs with IBM
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma IT
>
Amgen IT
>
Amgen Signs with IBM
>