Thread regarding Bristol-Myers Squibb layoffs

Massive Bristol-Myers layoffs in September 2017

I have seen several posts on various boards referencing major layoffs in September. Nobody is giving any concrete information, though, so I am not sure where it originated. If anybody has any information on this, or where the rumor originated, I would be really grateful if they could share it here. I usually dismiss stuff like this, but after seeing it pop up again and again, I am getting worried.

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Post ID: @OP+O7sJnya

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Opex reduction plans are driving cost deferments and cost reduction actions: so, open positions are kept unfilled through end of the fiscal year, higher paid cost center employees (IT) are being let go due to less than optimal performance. BMS does not want to be sold; however, they need to keep shareholders happy with higher EPS - so, lower costs.

I recently left for a larger pharma, and miss my BMSIT days; however, I left before the bad times come in. Hang in there friend - its gonna be a rough next 6 months

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Post ID: @bkre+O7sJnya

I haven't heard about this...do you mind telling us what boards you heard this?

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Post ID: @1ujd+O7sJnya

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