Lab layoffs

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at the rate people having been quitting over the last two weeks not sure they need a lay off. Are you sure you’re not confusing this with the people who have just quit?
 


anonymous said:
at the rate people having been quitting over the last two weeks not sure they need a lay off. Are you sure you’re not confusing this with the people who have just quit?
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I work in the lab and recently found this site and there have absolutely been layoffs in the lab as well as other departments. Since you’re not aware of the layoffs that kinda confirms the answer to my question!
 


I used to work in the lab. I left after only 4 months when I found a better job. During the time I was there 4 people in my cell quit within a month. All weren’t even past their 90 days before they quit.
They all must of knew something was off about the company. They were hiring like crazy the middle of last year just to turn around and lay some of the recent hires off who didn’t leave on their own accord.
 


You company owners are trying to sell desperately, even at a discount. They can not find any takers right now. Once the price hits 50% of revenue. Quest or Labcorp will step in and purchase you. Pain Management TOx is dead and your company is a sinking ship. Get out now!
 


anonymous said:
You company owners are trying to sell desperately, even at a discount. They can not find any takers right now. Once the price hits 50% of revenue. Quest or Labcorp will step in and purchase you. Pain Management TOx is dead and your company is a sinking ship. Get out now!
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Pain management tox is definitely dead and it’s 99% of Aegis’ revenue. Aegis is trying to diversify with gimmicks to sell but are all highly unsuccessful. Quest or LabCorp should just wait until they fold and then pick up their business.
 




There has never been money in workplace testing. That’s why Aegis elimined the workplace sales team years ago and stopped accepting new clients. Pain testing kept workplace afloat for years. Pain tox could not continue to carry workplace because its over too. It was a great run but it’s over. Quest or LabCorp will buy when the price hits less than 50% of revenue. I would be thinking about your next move.
 






Aegis will not need to layoff more team members. They are resigning/quitting every week. From VP level, highly trained middle level, people with less than three months. Seven team members this week in Nashville. That does not include sales department. They can not hire replacements fast enough. Maybe Abry Partners want's to cut costs, but their value of the company will only go down. They will never be able to sell with the debt they have saddled this company with after purchase. According to bloomberg around $350 million.
 


anonymous said:
Aegis will not need to layoff more team members. They are resigning/quitting every week. From VP level, highly trained middle level, people with less than three months. Seven team members this week in Nashville. That does not include sales department. They can not hire replacements fast enough. Maybe Abry Partners want's to cut costs, but their value of the company will only go down. They will never be able to sell with the debt they have saddled this company with after purchase. According to bloomberg around $350 million.
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I somehow kind of doubt that. Rumor is now they will be dropping sports testing and that will definitely come with more layoffs. Although it is true that people are dropping like flies. This company is a shell of what it once was and they make changes by laying off or demoting half their staff.
 








anonymous said:
I’ve heard they decided to outsource their billing and could be laying off billing staff. The company they chose to go with is going to run them in the ground.
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That’s already happened, 20 something people in finance laid off late 2018. They’re looking now to outsource their records department and facilities. More layoffs coming for sure.
 











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