Thread regarding Alcon Inc. layoffs

The private jet news got confirmed today by SJ herself during the Q4 ITCI townhall. She also said that investment was fully thought-out by the ELT and the timing just happened to be now. We also got a good deal for it :) ..

To me, this just sounds messed up tbh.

To give the right information, there is a private jet to fly the ELT, other than the Orbis surgery plane. This has been confirmed at townhalls by ELT members.

To give the right information: the so called private jet is a plane equiped with surgical material that flies out to developing countries to operate the people there, not to fly the leadership team.

Leadership team has purchased a 70 million dollar private jet last year and now they fire a ton of hard working employees to save 100 million dollar because “recession”. None of the leaders thought “maybe we should sell the jet and save jobs”. Also they talk about environment and sustainability but hide the fact that they are using the worst possible travel medium considering carbon footprint. I am sure they will be wiping their tears with their bonus checks and stock units. Worst leadership Alcon ever had.

Spill the tea fam

CEO Rumors?

No body:
Alcon US employee: Brb.. moving to Mexico or Bangalore to keep my job

Funny.. they kept re-ensuring us to feel safe and tell us how the company cares about its people then in one morning, they get rid of Alcon people, the majority from USA!! Then ELT emails pushing the company to depend on international employees (AGS).. really? Replacing your US employees with foreign employees?! Not just that, for the folks that weren’t kicked out, their responsibilities now tripled with no pay rise and expected to deliver on the same deadlines! This must be a joke.

laying off people during the holidays (Dec 1st) no class...next time any of the executives make mentioned they care about the people who work at Alcon, know they are lying through their teeth - Happy Holidays!

Questions from a Pigeonhole Q&A (which was shut down):

• How does David and the ELT reconcile spending $70million on a corporate jet whilst saving $100million and impacting people’s jobs?

• How many people were fired? Does alcon plan for the second wave of layoff? Is Alcon helping associates to transfer internally or externally?

• Is this going to be a new norm, reorg, sorry “transformation” every 2 years?

• How to explain to customers that Alcon is performing well while asking people to go (not based on their performance)? Our customers may perceive this transformation as a lack of solid vision?

• All the latest evidence proves that investing in brand building leads to long term growth versus a short term customer focus which is proven ineffective over time. Why are we ignoring this?

• It took us several months after Chrysalis to establish ways of working that were still not fully working yet. How do we plan this time to establish new ways of working?

• Is there a deeper lying issue with Alcon? Or are we trying to accelerate our margin% improvement to trigger a clause for Alcon to be acquired?

• Given that most of our marketing experts just left will there be investment in our marketing capabilities this year?

• Since many roles were reclassed and changed in this “transformation”, why was there not an interview process for the “new” positions? Seems unfair for those that stayed and those that were impacted.

• Are we planning on divesting vision care?

• How many high performing leaders were impacted? And BLUE leader graduates?

• Customers tell us they need us to grow the category… what do we tell them now that we will only market to them?

• Why does it feel like so many (often white) men are being put forward at global level, how is our D&I strategy playing out here?

• In a recent Int'l townhall, IMG was touted as one of the best things to happen to Alcon. How do you then explain impacting such a high performing IMG leadership team?

• In this cost cutting exercise, how will the total income of the C-suite be impacted?

• What are the diversity characteristics of the recently impacted employees?

• Will there major changes for the supply chain functions? If there are cuts, how can we justify it considering all the supply disruption we have faced this year.

I hope the rumors about the ceo are false

I hear it’s to fund a company jet??!

Most of people are age related, older than 60.

2% of employees across organization. All have been notified.

Any reason given? Restructuring? Budget? Thought Alcon was doing well... rainbows and unicorns! Brilliant!

Confirmed, happened today across the company.

I was one of those axed. Confirmed

yes it happened this morning.

I can confirm it happened today across the organization. Where can I find press release? Recently searched but unable to find anything current on todays event?

It happened this morning.

Announcements happening this week

It won't be as big as the 2019/2020 layoffs (which cost $300 million) since this time the expected cost will be around $100 million according to the press release.

The Numbers of Q3 and the YTD performance look ok.

Go check the press release filed today

Does anyone have some reliable sources? Do you think all services will be affected?

No sh-t

I can confirm that there are a lot of rumors going on