Expect to see significant layoff announcements across MD&D. When J&J reports earnings tomorrow, the investors will not respond favorably to the decline in sales and profit numbers for MD&D and the only way for J&J to gain investor confidence is to show they are cutting expenses. The layoffs will be significant and no one is safe. Expect a significant flattening of the organization. D1 and D2 positions will be axed like you've never seen before. People will be exiting by year-end 2015. Get your resume ready. No one is safe. A team at corporate J&J is already taking the ax to DePuy Synthes, slashing head count big time.
