Keep predicting the date of layoffs! Each time you guess correctly, by law the company is forced to move the date out further. Pascal would love to lay off 8-10% of the workforce, but he doesn't have the cash to do it. So he must chew through more cash in a never ending spiral of debt and defeat. Hang in there folks! We will make it through Christmas with a paycheck. We may not have jobs, but at least we will have our severance. FARXIGA and BRILINTA about to get label changes! Don't worry, the consulting company hired to do the Brand Teams' jobs will handle the changes. If you haven't noticed, all BDs do is manage third party consultants. No knowledge or skills outside of administration required. Command of the English language is also not required. Hoping Ruud makes the expected announcement tomorrow! Another VP leaving for Novartis. No doubt the communication will include "with deep regret", but the reality in DE HQ will be champagne corks popping. Sticking with $300 million in annual savings due to cuts coming sooner than later! Lilly was forced to cut $500 million, as demanded by shareholders and investors. AZ is not immune to simple market forces. Look at how negatively the market reacted when analysts found out that cuts weren't going to be announced yesterday. Anyone posting "no layoffs", "Vegas Baby", or some other delusional simplistic babel is either leadership blowing smoke up your ass or some millennial with no clue on how economics impacts decisions. Now back to my coffee and my daily dose of bullshitting my reps that they are making a meaningful difference today.
ASPENs $555 million is the much needed cash to proceed with layoffs. Told you divestitures were coming!