Anonymous
Guest
Anonymous
Guest
Yesterday, Presidents Day, a US holiday, all JNJ pharm company presidents met to finalize reorganization and layoff announcements. All OpCo Presidents were there with their HR Leads. Today, Tuesday, these OpCo presidents met with their direct reports to finalize the lists and communications to those affected. These will be across JNJ. Meetings will take place tomorrow, Wednesday morning, and displacement communications will take place throughout the day. It will not be a happy day. Many will be impacted across ALL OpCos. All of this is timed to be in the context of the Weldon retirement announcement as a means to boost the stock price.