Serious question I heard 119 people laid off First I heard it affected sales then I heard differently Can someone tell us what happened
Company claims it was only 160 people who were laid off, but I've been told it was actually 221 positions that were eliminated. 61 positions were open that were eliminated and 160 people were actually let go for a total of 221 total positions eliminated. Luckily we who are reps were all safe. No reduction in rep positions. Managed Care got hit hard. I heard 24% of them were eliminated. KAM's were downsized too. 21% of the KAM's were let go. The home office was hit really hard. A lot of the layoffs came from marketing and R&D. Losing so many in R&D is really scary since that is what drives the future of the company. I too am hearing this is just the start. Company claims it isn't and there will be no more layoffs but that's what they said when they let go a bunch of our ASD's a few months back. That was just the prelude to this bigger lay off. People in managed care were told at that time they were all safe and not to worry then WHACK 24% of them are chopped. We reps are being told this time that we are all safe and not to worry (just like the managed care and KAM's people were told back then) so I'm worried we will be getting a big "WHACK" right after the first of the year. I'm not going to sit and wait for it. Already have my resume on the street. Here's a tip for those who do not want to wait around for the next ax to fall. Biohaven pharma Sage Therapeutics Acadia pharmaceuticals Three great companies that are expanding and we would be a perfect fit. Good luck. Don't believe what the company tells you. People in managed care, KAM's, marketing and R&D did and houndreds of them were laid off a week ago.
Sage is not expanding. The jobs you see posted are because people have all left. Terrible culture and 60-hour infusion not doing well.
