Some insight into how BMS conducts its layoffs

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anonymous said:
As a 28 year industry vet that has worked at three different companies, I can tell you that this is precisely the way that it goes down. Cronies and sycophants of higher-ups stick around, while the real talent is escorted out. Several years later, 2 or 3 members of the C-suite "retire" or "leave to explore other options", and all of their cronies and sycophants get canned (or "downsized") by the new regime.
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It’s funny how those that get laid off always claim it’s only the “talent” that gets laid off…
 

anonymous said:
Several years ago I was laid off from a morally corrupt company that was later featured on the show "Dirty Money " I was number 1 in my region and top 10 in the country.
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What’s your point, pharma rep?
 
Talented mr ripley said:
It’s funny how those that get laid off always claim it’s only the “talent” that gets laid off…
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This is a very simplistic comment. It is difficult to dissect the whole process. One cannot ignore the element of bias, human interactions, misaligned thoughts and incompetence in the layoff process. They were hired because of talent. How they survive is based on many factors other than talent.
 
Only some depts were given the option of hand raising. Many reorgs going on as there is a new guidance that managers must have 3+ direct reports. Cuts next week will be heavy. Get ur resumes ready.
 
anonymous said:
Only some depts were given the option of hand raising. Many reorgs going on as there is a new guidance that managers must have 3+ direct reports. Cuts next week will be heavy. Get ur resumes ready.
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I thought this one was last week?Oh wait, it was the one the week before that one? No, actually I remember now, it was the one 2 weeks before the one last week one week before that one, in addition to the 3 others the weeks before. or maybe we should just have a layoff raffle, 120 names called each week? at least that would allow us to focus
 
anonymous said:
I thought this one was last week?Oh wait, it was the one the week before that one? No, actually I remember now, it was the one 2 weeks before the one last week one week before that one, in addition to the 3 others the weeks before. or maybe we should just have a layoff raffle, 120 names called each week? at least that would allow us to focus
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yes I love doing the workload 3 people yet still worrying about my job daily. haven't been this happy in years!
 
Most recent BMS news is saving 2 billion on top of the 1.5 billion dollars. This is a hefty sum. I am not sure if the employees can weather this tsunami. 2 Billion dollars translate into roughly 10,000 to 20,000 jobs.
 
anonymous said:
A common denominator I saw in WCE was the highly talented, successful, upper percentile performers, but independent minded, all being let go. The ass kissers, the liars, the clueless, were all retained and in some instances promoted to roles they are not capable of performing or understanding. And now people cry about the lack of innovation? Oh well.
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No wonder BMS is in such a mess. It is like the NYC trains being infested with rats.
 
anonymous said:
this is far more, 2 billion is around 27,000 jobs
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That would mean that 2/3 of the work force internationally will have to leave??. Won’t happen. We will finally see ELT departures, business consolidation, selling off or closure of business units and brick and mortar buildings to reduce overhead. But…. We still don’t know what the corporate business focus will be. Every M&A in the last three years was a disaster, Karuna won’t be any different.
 
anonymous said:
this is far more, 2 billion is around 27,000 jobs
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This is not even remotely accurate, off by leaps and bounds. By your assessment the hit of an employee to P&L is about $75,000 which is nowhere near reality. Do you know how many employees at BMS have base salaries over $100k? Over $200k? Over $300k? Beyond that the company pays bonuses, LTI, 401k match, health insurance, T&E, etc. This moron is off by about 95%.
 


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