New round of Cuts

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Anonymous said:
I wouldn't doubt it -- it appears HP is going to take control of Pfizer IT.

Though, it will be for a significantly reduced amount I am sure!

That would show us who are truly "institutionalized" by the Pfizer culture.
Kind of like a horse running back into a burning bard, Ahh survivor's guilt!
Click to expand...
meant BARN not BARD ... damm autocorrect!
 


To Post #38 - No. HP will not be adding any newly severed Pfizer IT to work at any of the Pfizer facilities. Besides, this would violate the PFE severance agreement which states that no employee can take a position with a vendor, supplier, etc and work on site while collecting severance payments.

To All others - If you are included in the waves for this week or the next wave week (which is April 23-27), you will receive the OLD severance package. All waves after the week of April 27th will receive the NEW severance package.

I, for one, hope that I do not survive these 2 waves and then caught riding the next wave out the door with the new, crappier severance package.

Either way, if you are either given notice or are one of the select few who get asked to stay, I hope that you all find peace and happiness in whatever lies ahead. Always remember - it's just a job.
 


To Post #42 please read exclusion #3 in the severance package. Your Employment is continued with or transferred by PFE to, an outsourcing vendor even if the salary and benefits offered by the outsourcing company are not equivalent......

Exclusion #3 = Transferred to HP "without" a severance package.
 








Line BT also getting hammered. My buddy's group in NY got hammered with his group being cut 55% and almost all who remain were VP and her direct reports. All the people that actually did any work were axed!
 








The deep cuts are not just in BT. Every group is under pressure.
Years ago we could not believe how deep the cuts were going and we still keep it all afloat. Good people being led out the door. We still kept it all afloat.

I think the bigger question is, when does Pfizer itself implode or is it just dismantled whereas the impact of the cuts does not matter ???? Except for big bonuses for the Pfizer Leadership Team !!!!
 


WOW
As a Pfizer escapee a couple of years ago. Each time there were big cuts my Linkedin activity increased.
The past two weeks has been nuts with connections from NY and Madison.
I guess there will not be many remaining soon. ??????????
 














For those whose areas have been impacted with the most recent cuts - Any indication on whether this it it for a while, or are we going to see groups continuing to be getting cut. Cuts are bad enough for morale, but endless cutting is far worse.
 


What I know for sure is that it will continue to at least December.
I am on the December wave. Tried to get on the May wave but that request was rejected.
I also know colleagues on the June and July waves.
Not all colleagues have been notified. For some reason HR/management are very selective who is notified early verses when they are obligated.
 



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