Thread regarding Valeant Pharmaceuticals International layoffs

B&L effects

I think that Valeant simply destroyed B&L employee base - the best execs were forced out, and the best employees followed - the atmosphere of fear has spread at B&L and productivity dropped to zero. I'll never understand why Valeant took this approach - downsizing does not have to be the end of the world and you can do it in a way that allows the company that's acquired to continue with the existing success (assuming that they are fine and make money). Valeant does not know how to create value with the acquired companies - they act as leaches and pirates, they buy you and then suck out all the blood that is in the system.

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Do not work for this company. Penny pinching, nickel and diming, driven by fear, bad managers, the list goes on. Anything Valeant gets their hands on is basically a cash cow to be milked to death. Avoid at all costs.

Post ID: @1t8bC+u07vhS1

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