Fresenius Kabi USA sterile injectable pharmaceuticals sector. Major layoffs happened on the weekend 10/27/19. Cut all contractor workforce 2 weeks prior. Sunday; 1/5 full time workers laid off (Many crying when they were kicked out the front door).
Next layoffs scheduled in the next 2 months. A further 10-20% to be laid off.
Leave if you can no reason to stay worse is to come CEO sent emails to cut roughly 40% of workforce in January 2019. The company has been doing horribly past year. The debt has reached all time high. FDA close to release a 483.
Recession 2019 has begun.
Good luck to all.