Janssen Primary Care cutbacks of 200-300 reps.

Specialty positions being offered to transfer to other Johnson & Johnson Companies.

 

HR insider here.....layoffs are confirmed

 

I’m really surprised!!!
Insider, what is timeline?

 

You mean CV reps with INVO/XARE in bag?

 

I find that hard to believe with new key indications coming for both products

 

Well since Invokana is down 30 percent for the 1st half of the year and CV indication is still a maybe not to mention no one is sure on cad/pad for Xarelto its that time of year to thin the herd. Probably wont hit forecast so HO has to cut salaries to save themselves, happens all the time. Have to keep uncle jnj happy, investors, ect..... same old story cut heads to balance the numbers. Its like ground hogs day around this industry......

 

The herd must be thinned...it is confirmed

 

Layoffs or shifting employees to other jobs?

 

HR insider here...there will only be shifting employees to unemployment.....it is confirmed....

 

When?

 

the “HR insider” is almost always wrong on this thread. Just trying to stir the pot.

 

What songs are you going to play on your fiddle while Rome burns? HR insider here.....

 

HR insider here...layoffs coming to HR insiders soon...confirmed

 

Any packages for 55 plus people?

 

Yes, 55 plus people have big packages. Just ask them.

 

Nothing big about 2 wks severance per year of credited service if applicable. Standard in industry.

 

Retirement Packages:
Last year other major pharmaceutical companies offered their reps with Age & Years of Service a package. (Lilly, Merck, Pfizer...)
Why can’t Johnson & Johnson do the same ? The J&J Credo speaks to responsibility to their employees...

 

what about contract?

 

Get Rid of all the RBD's and the Managers. Amazing things will happen!