2019 layoffs


anonymous

Guest
ABT is doing OK in some areas, stock is good, but there are pockets of cutbacks starting. Hiring freezes, open position cancellations, executive 'retirements' without replacement, most DVPs given cut-back tasks.

Nothing too disastrous, just Miles preparing for recessionary climate.
 


ABT is doing OK in some areas, stock is good, but there are pockets of cutbacks starting. Hiring freezes, open position cancellations, executive 'retirements' without replacement, most DVPs given cut-back tasks.

Nothing too disastrous, just Miles preparing for recessionary climate.

IT is continuing to outsource.
 




ABT is doing OK in some areas, stock is good, but there are pockets of cutbacks starting. Hiring freezes, open position cancellations, executive 'retirements' without replacement, most DVPs given cut-back tasks.

Nothing too disastrous, just Miles preparing for recessionary climate.

Lost of 'tasks' in Operations, IT, R & D, sales, and middle-management layers
 


























Here's an idea for you. Grab your package and go running down the hall yelling "Yippee!"

Don't be surprised if you do get the boot and that your package isn't all that great. Severance packages have been toned down this past year, unless you're executive. In fact, they're about a quarter of what they once were. So... Don't kid yourself.
 


Don't be surprised if you do get the boot and that your package isn't all that great. Severance packages have been toned down this past year, unless you're executive. In fact, they're about a quarter of what they once were. So... Don't kid yourself.

My job at Abbott got moved to another group and I got laid off after 12 years at Abbott. I am not young and my package was about eight months. This was about 4 years ago. Bad news for employees if this generous kick in the ass is now gone.
 







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