Lay offs & no hiring in 2014 Arthrex

Discussion in 'Arthrex' started by JohnQ14, Jan 28, 2014 at 4:13 PM.

  1. JohnQ14

    JohnQ14 Guest

    I had a interview 2 months ago now I am getting the run around and there are no job postings on the Anthrex website. Anyone know what is up? I heard they were cutting fat and there is a hiring freeze since there are 3 new lawsuits.
     
  2. Anonymous

    Anonymous Guest

    Going public 2015!
     
  3. Anonymous

    Anonymous Guest

    I've heard the same thing, how deep are the cuts going to go?
     
  4. Anonymous

    Anonymous Guest

    Arthrex rep here. When I originally read this post I shrugged it off as BS since Arthrex has always been about expansion, not cutbacks. Historically, the message from the top down is that Arthrex will continue to invest and grow at a rate the competition will never comprehend. However, after searching the career section on the website, as well as sites such as Indeed and Monster, I'm not so sure something isn't going on. Typically, there are a ton of job postings for Arthrex corporate and manufacturing positions but I can't find a single opening posted anywhere. Something is definitely amiss here.

    There's been talk recently that R. has openly discussed the possibility of eliminating distributors in lieu of a direct sales model (for legal reasons). I've also heard chatter about a potential merger or buyout with a major player. The only company that I can think of is Medtronic. Based on both companies product portfolio and strategic vision, this makes the most sense. Any thoughts?
     
  5. Anonymous

    Anonymous Guest

    This will sure be interesting if anything you state is true or accurate down the road. Arthrex is not the Arthrex it used to be. But, eliminating distributors would only be a sign to sell, which R should. Or, eliminating distributors is a way to save money, but that model never works. Once he hangs it up or passes to his brother, Arthrex is done. Don't agree with Medtronic, I think it would be Stryker as their bag would be complete. Stryker has $9 billion in liquid cash, I'm sure R. could sell this for $4 billion. Good topic for once.
     
  6. Anonymous

    Anonymous Guest

    You guys are fucking idiots. HR is redoing the career website. Look for its release next week.
     
  7. Anonymous

    Anonymous Guest

    It's in red on the first page of the job seeker. Learn how to read. You reps are worst than an old lady knitting circle!
     
  8. Anonymous

    Anonymous Guest

    The infrastructure of the company is weak. I have been there 7 years and it seems that anyone with an brain and experience is set aside by the people that are in jobs just because they have been there so long. Anyone with a unique vision is pushed down and learn to deal with the moving target of a psyzofranic leader. Also his son dan or daughter would be the next. His brother is on the board and is not the next in line.
     
  9. Anonymous

    Anonymous Guest

    *** Thank you for your interest in careers at Arthrex. Our Career Portal will be down for maintenance from January 20, 2014 through February 2, 2014 as we migrate to a new system. Please note that you will not be able to apply for any positions during this time period. All candidates, even those who have previously completed our on-line application, will need to re-apply after February 3, 2014 to be considered for any open/future positions.
     
  10. Anonymous

    Anonymous Guest

    Haha, Arthrex posted a disclaimer so it must be true. Remember when they told us how bad composite implant materials were, or adjustable loop fixation, or all suture anchors? Remember the flip-flopping they did when we went from Olympus to Storz to Synergy? I can provide 100 more examples but I think you get the picture. This company is the best in the industry at creating diversions and smokescreens. Believe what you want but believe me, there IS turmoil within this organization and it's compounding daily. Between lawsuits (ongoing and new), bad acquisitions & investments, underperforming product segments (Synergy & Arthroplasty), poor forecasting & high inventory costs (DEX), multiple layers of dead weight management (VP of Sales all the way down), and extremely high turnover in the field (>50% across the country), Arthrex is at a tipping point. Being a private company offers certain advantages. Not having to divulge financial information is probably the biggest advantage.

    Major changes are coming and the wheels are already in motion. Subtle changes have already been implemented over the past 6 months and several more will be introduced in 2014. The upcoming price increase is just one example.

    Oh yeah, I forgot to mention the renewed interest from the DOJ and IRS into Arthrex's business practices.

    Good luck to everyone. I've had my share of the blue kook-aid and it made me violently ill. I'm getting out now while I still have a shred of respect for myself.
     
  11. Anonymous

    Anonymous Guest

    Kook-aid isn't a misprint.
     
  12. Anonymous

    Anonymous Guest

    The DOJ has plenty of viable issues with the "consultants" that seem to be ubiquitous. There are a few in particular that have triggered the interest. Loose lips sink ships, right Pete.
     
  13. Anonymous

    Anonymous Guest

    Agree. The number of "consultants" must have the DOJ interest. They tell us what courses to have and when to have them and where to have them. Oh yes and make sure there is an afternoon of ski time in Colorado.
     
  14. Anonymous

    Anonymous Guest

    The amount of control Arthrex has over their "Independent" distributors has garnered interest from the IRS. The government is looking to collect back taxes from companies who continue to misclassify workers. Arthrex is the best example of such activities.

    If you think the $85 million to S&N was a big payout, just wait until you see the damage this one does.