Zogenix Sales Layoffs to expand!

Unfortunately there is more to come. Details coming soon.

Very sad times for us.

 

What layoffs?

 

Nice Goebbel impression

 

Who are the 14 reps or 14 territories that will be downsized this Monday?

 

This place is a joke.
Mostly at the top. No vision. No foresight. No leadership.
Total rookies. Can't believe you can't make it out of a launch POA before talking layoffs.

Jackasses.

 

Yep 50 territories cut

 

SAMs that were cut got 2 weeks severance and benefits stopped immediately, so as Roger would say, they did the right thing….Thanks

 

These guys just don't understand the pain market well. It takes time. Not having an RX incentive plan was a very bad way to launch a drug that the entire company is depending on. It is going to get better, but 13 weeks...... and then freaking and dumping people is crazy, even with the extra B/S on Capitol Hill, and such. They need to buy a second level product (Flector Patch would be a nice fit) that is a cash cow,..easy sell, it will keep the lights on and give everyone time to move ahead with Zohydro

 

the incentive plan was a strategic choice to persuade FDA that they weren't in it for the money and they were different than Purdue. (Probably a necessary move at the time.) Kind of strange how they are pulling the trigger on layoffs so soon. Must be really bad.

 

I'd be pissed If I took that MBO test over the weekend and then got the ax. Pissed.

 

Additional layoffs to be a little north of previously stated 50.

How sad.

 

50 more or total of 50 cut? And when? What is the criteria? Straight trx performance? If so the Northeast will be practically all gone. Or something like 3 per region?

 

It was about 55 total cut.

 

Only 14 + 2 vacancies not to be filled.
Are you saying that was only the first round of a total of 55?
Or are you talking other departments?

 

The head count will be 74-82 by end of sept. 40% to goal is not even close. After q3 market cap will be roughly 200 mil in 12-18 mos you have adt look for new owners by Halloween.

 

Look at the stock run oh wait restating forecast will take all the gains away

 

It appears we will all be looking for a new job by Christmas time

 

Sadly, I don't think some will make it to Labor Day let alone Christmas.

 

Hello anyone know when a buyout might be announced formally? They have q2 report coming up, and they just had a meeting with Oppenheimer. Sounds like soon? But how soon? Price per share estimates?

 

bull$#it.