Thread regarding Teva Pharmaceutical Industries Ltd. layoffs

Layoff Rumors @ TEVA [March 2017]

This week, a few days ago (on Thursday 3/21/2017), main financial websites in Israel covered Teva layoffs story and they noted that there is a plan to lay off up to 6K workers - they actually gave a range (2K to 6K) but that's not the point. Anyhow, that'd be about up to 10% of the totalk workforce as we have 60K employees right now - Teva is the biggest company in Israel.

As things developed on Wed and today, there was a denial by the corp PR and communcations team - all what they said is that the cuts will not be that large but that we'll be working on:

  • Improving Efficiency

  • Consolidating Functions

  • Unwinding Profitable Activities

  • Freezing Employment

I am sure they will go after contractors too, there will be job reqs that will not get filled as well.

That's it for now, I have no other updates but there is a bit of confusion among folks who work there and there is a ton of anxiety as we await the ax to fall.

Good luck!

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Post ID: @OP+MrVvmtN

2 replies (most recent on top)

Lots of talk but not so much action here at Teva. We have endless meetings and a bias towards corporate based employees.

Big promises are always made but no real intention to make good on the promises.

We were told they had big plans for us but the big plans meant big layoffs for all of us.

I guess Teva is good for employees only.

Post ID: @2egno+MrVvmtN

New Brunswick, NJ too ... it has begun.

Post ID: @3oam+MrVvmtN

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