Massive layoffs in Janssen

Heard rumors' that layoffs are coming in Janssen come February 2023. Mostly targeting employees with old pension age 55 plus. We had many good people leave the company throughout the year.

 

Wolk told the press that more layoffs were coming.

 

https://stocks.apple.com/AfEiv-Ar5Q4u2Smc4z0ZJTQ

 

Feb is always a favorite time for this…

 

Laid off from Janssen CVM
Nov 4, 2022
Old Pension
Over 55

 

https://www.propublica.org/article/older-workers-united-states-pushed-out-of-work-forced-retirement

 

https://www.propublica.org/article/older-workers-united-states-pushed-out-of-work-forced-retirement

 

Ps I receive $37,000 a year/old pension and the double wide is paid for hear on Alaska.

 

This is exactly what J&J is doing, copying IBM in order to slash its workforce while dodging WARN Act requirements:
Cutting ‘Old Heads’ at IBM

J&J is following the playbook developed by IBM. Instead of having layoffs, employees are being given negative reviews & forced out.

Guess who's on the board of directors of IBM? Chainsaw Al Gorsky.
Alex Gorsky

 

Sounds very familiar. Wonder if the same consulting firm was hired for J&J.

In a story this year, ProPublica described how IBM has forced out more than 20,000 U.S. workers aged 40 and over in just the past five years in order to, in the words of one internal company planning document, “correct seniority mix.” To accomplish this, the company used a combination of layoffs and forced retirements, as well as tactics such as mandatory relocations seemingly designed to push longtime workers to quit.

 

• Converted job cuts into retirements and took steps to boost resignations and firings. The moves reduced the number of employees counted as layoffs, where high numbers can trigger public disclosure requirements.

 

To make such deep cuts, the document said, executives should strike an “aggressive performance management posture.” They needed to double the share of employees given low 3 and 4 ratings to at least 6.6 percent of the division’s workforce. And because layoffs cost the company more than outright dismissals or resignations, the document said, executives should make sure that more than 80 percent of those with low ratings get fired or forced to quit.

 

So if a manager rates a good performing employee at a lower 3 or 4 rating, how does that not set JNJ up for lawsuits? It’s concerning that a company would do that and to know that no matter how well I perform, it doesn’t mean anything if my manager has been asked to tweak ratings for the next batch of layoffs

 

IBM got away with it. JNJ already started doing it on a smaller scale in 2022 when many high-performing employees were intentionally given "does not meet" or "partially meets" in their reviews, due to some phoney bologna excuse in an effort to force them out without severance.

 

Are u seriously asking this … Bell Curve has been and will be part of the industry with Forced rankings. JNJ has been doing this for years .. Where u have been

 

Which therapeutic areas will be hit hardest?

 

The oldest and most expensive.

 

When would HR/management decide on who stays or goes? Dec? Jan? Feb? I hear we’ll find out in February.

 

Supposedly the performance reviews would be done the third week of January.
This is very critical as most layoffs will be announced to the employee during this review.

I personally believe that the review itself will serve as a harbinger for an impending layoff.
If the review is unsatisfactory and the manager is hinting at the uncertainty of your future accompanied by a dry official tone, you can start contacting recruiters. If you get a very favorable review amplified by smiles and requests to take more responsibilities- you are in the clear for now. It will all be over before bonuses are paid ( third week of February). Those who will suddenly disappear will do so first week of February.

 

Any updates?